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01 Apr

Non-residential US construction spending falls on-month in February

Non-residential construction spending in the US decreased month-on-month but increased year-on-year in February, Kallanish learns from the latest data published by the Census Bureau. US construction spending in February was down 0.3% versus a downwardly revised January reading but jumped 10.7% compared with the same period a year earlier. Monthly non-residential spending totaled $1.18 trillion on a seasonally adjusted annualised basis in February. Spending levels…
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