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02 Apr

Soft US construction spending, but contractors remain confident

US non-residential construction spending slipped 1% in February from January levels, Kallanish discovers from Census Bureau data. Monthly non-residential spending totalled $1.18 trillion on a seasonally adjusted annualised basis in February. Spending levels decreased in 15 of the 16 analysed non-residential construction sub-sectors (see Kallanish 02 April newsletter). Despite the soft spending data, the Associated Builders and Contractors (ABC) Construction Confi…
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