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02 Mar
15:40

US construction spending rises in January

US construction spending rose both on-year and on-month in January, according to data released by the US Department of Commerce. In December, construction spending was estimated at a seasonally adjusted annual rate of $1.522 trillion, up 1.7% above December of last year, Kallanish reports. On-year, construction spending during January was up 5.8% from $1.438 trillion in January 2021. Spending on private construction in January was at a seasonally adjusted annual …
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