Construction Spending in U.S. Increases More Than Forecast

Construction spending in the U.S. rose more than forecast in March as companies put up factories and power plants, and home improvement outlays rebounded.

The 1.4 percent gain was the biggest since April 2010 and followed a revised 2.4 percent decrease in February that was larger than previously estimated, Commerce Department figures showed today in Washington. The median estimate of economists in a Bloomberg survey projected a 0.4 percent increase.