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The Associated Builders and Contractors' (ABC) non-residential construction backlog indicator retracted during July, marking the second month in a row of declining backlog levels. According to the ABC's report, Kallanish learns that monthly US non-residential construction backlog levels decreased by 0.2 months during July to a reading of 8.7 months. Monthly construction backlog levels fell in both the commercial/institutional (down 0.5 months) an…
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