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04 Dec
18:02

Trade conflict bites into US construction spending

US construction spending dipped on-month in October but remains up significantly on-year, Kallanish learns from the Associated General Contractors of America. US construction spending fell by -0.8% from September to October, though October’s total of $1.291 trillion is 1.1% higher than its level in October 2018. “A drop in mortgage interest rates has given a boost to single-family homebuilding in recent months, but these gains have been offset by …
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