U.S. construction spending hits highest level in 5-1/2 years

U.S. construction spending rebounded strongly to hit its highest level in more than 5-1/2 years in July as private construction increased and state and local government outlays surged, in a further sign of vigor in the economy. Construction spending increased 1.8 percent to an annual rate of $981…

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U.S. construction spending hits highest level in 5-1/2 years

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