By Dees Stribling | MHN Online
U.S. construction spending, which had been slumping in recent month (even adjusted for the winter), rebounded in April, according to the Census Bureau on Friday. The rise was 2.2 percent in April compared with March, as opposed to a 0.6 percent drop in March compared with February. Not only that—in case a monthly move isn’t enough to be anything more than noise—spending for April 2015 increased by 4.8 percent compared with a year earlier. Whatever else these numbers mean, at least it’s true that construction spending isn’t in some kind of downward spiral overall.
