Construction spending in the US was up slightly more in August than had been expected, driven by an increase in public sector construction funded by federal money.
According to figures released by the Commerce Department, total construction spending rose to $811 billion, up 0.4 percent from July, on a rolling 12 month basis. The picture is still quite bleak, however, compared to a year ago when construction spending reached $902 billion in the 12 months leading to August 2009.