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05 Oct
20:23

US non-residential construction spending drops slightly

Non-residential construction spending in the US fell slightly during August after rising in the previous month, Kallanish learns from an analysis of Census Bureau data by the Associated Builders and Contractors (ABC). According to the ABC, monthly US non-residential construction spending fell by 0.4% during August to $859 billion on a seasonally adjusted annualised basis. In a breakdown by sector, monthly spending levels fell in 10 of the 16 sub-categori…
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