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03 May
21:21

US construction spending rises slightly, concerns grow

Residential projects drove construction spending slightly higher in the US during March, Kallanish learns from the latest estimates by the US Census Bureau. Construction spending was estimated at a seasonally adjusted annual rate of $1.73 trillion during March, with spending levels rising by 0.1% above the revised spending levels for the previous month. Monthly residential spending rose by 1% to a seasonally adjusted annual rate of $882 billion, while n…
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