August construction spending falls 0.8%

Outlays for U.S. construction projects fell 0.8% in August to a seasonally adjusted annual rate of $961.0 billion, the U.S. Commerce Department reported Wednesday. Economists polled by MarketWatch had expected a 0.5% increase. Looking at private outlays, spending fell 1.4% for nonresidential…

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August construction spending falls 0.8%

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