Construction spending picks up in May

http://www.marketwatch.com/story/construction-spending-picks-up-in-may-2012-07-02?link=MW_home_latest_news

Outlays for U.S. construction projects rose a stronger-than-expected 0.9% in May, the Commerce Department reported Monday. This was the biggest increase of the year and well above analysts' expectations of a 0.2% rise. In addition, April construction spending was revised up to show a 0.6% increase from the previous estimate of a 0.3% rise. In May, an increase in private construction was partially offset by weakness in the government sector. State and local government spending fell 1% in May, for the fifth straight monthly decline.