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02 Nov
20:18

Construction spending falters in the US, confidence declines

Construction spending fell in the US during September after remaining largely unchanged in the prior month, Kallanish learns from estimates by the US Census Bureau. In September, construction spending was estimated at a seasonally adjusted annual rate of $1.57 trillion, with spending levels falling by 0.5% from the prior month. In an on-year comparison, US construction spending remains up 7.8% above the $1.46 trillion annual estimate rate in September 20…
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