By Greg Robb
WASHINGTON (MarketWatch) -- Outlays for U.S. construction projects rose 0.2% in June, the Commerce Department reported Monday. The gain was in line with expectations. Outlays are down 4.7% compared with a year earlier. Spending on private construction paced the increase, rising 0.8% compared with a 0.3% gain in May. Residential construction fell 0.3%. Non-residential construction rose 1.8%. Spending on public projects fell 0.7% after remaining flat in May. By itself, the data suggests little revision to second quarter GDP. The government assumed a 0.3% rise in construction spending in its initial estimate of second quarter growth. The economy grew at a sluggish 1.3% pace in the second quarter
