WASHINGTON, May 1 (Reuters) - U.S. construction spending unexpectedly rose in March, bucking a raft of data showing the economy deteriorating rapidly as it reels from disruptions caused by the novel coronavirus outbreak.
The Commerce Department said on Friday that construction spending increased 0.9%. Data for February was revised down to show construction outlays declining 2.5% instead of falling 1.3% as previously reported. Economists polled by Reuters had forecast construction spending decreasing 3.5% in March. (Reporting by Lucia Mutikani Editing by Chizu Nomiyama)