The Department of Commerce reported that construction spending during May 2013 was estimated at a seasonally adjusted annual rate of $874.9 billion, 0.5% above the revised April estimate of $870.3 billion. The May figure is 5.4% percent above the May 2012 estimate of $830.4 billion. During the first five months of this year, construction spending amounted to $326.2 billion, 6.2% above the $307 billion for the same period in 2012.
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