THE VIRGINIAN-PILOT
Copyright (c) 1995, Landmark Communications, Inc.
DATE: Thursday, January 5, 1995 TAG: 9501050496
SECTION: BUSINESS PAGE: D2 EDITION: FINAL
TYPE: Digest
LENGTH: Short : 21 lines
Construction spending increased 0.7 percent in November, the fourth straight gain despite rising interest rates. The Commerce Department said that spending on residential, nonresidential and government projects totaled $522.7 billion at a seasonally adjusted annual rate. Spending totaled a revised $518.9 billion annual rate in October, when outlays rose 0.9 percent. The initial October estimate was $518.1 billion. The latest advance meant that outlays in November were 6.6 percent above those of a year ago. (AP) by CNB