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U.S. Construction Spending Up 0.1 Percent in August on Nonresidential Gains

from Equipment World

Though decreases in spending on residential projects restricted growth in August, gains from the nonresidential side powered the U.S. construction industry to spending an increase of 0.1 percent. The seasonally adjusted annual rate for construction spending rose to $1.318 trillion, according to the latest data from the Commerce Department. The figure is 6.5 percent higher than the August 2017 total. more

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