Private commercial construction spe...

Private commercial construction spending cut down 6.0% from the initial recuperation surge it experienced last summer to the opening month of 2004 However the mix of changes on sector suggests that the decline will shortly be reversed.

groceries stores, drug stores, and parking accounted for 80% of the decline. Construction spending also declined for auto dealerships, building fill up stores and mini-storage facilities. The fastest-growing sectors were restaurants and bars (+247%) general merchandise stores (+127%) and auto parts and service stores (+90%) Shopping center malls and