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U.S. construction spending falls 1.1pct in February

Posted on 03 April 2012

U.S. builders trimmed activity for a second straight month in February, pushing construction spending down by the largest amount in seven months. There was widespread weakness with spending on home building, office construction and government projects all dropping.
The Commerce Department reported Monday that construction spending fell 1.1 per cent in February after a drop of 0.8 per cent in January which was revised down from an initial estimate of a decline of 0.1 per cent………………………………………..Full Article: Source


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