Construction Spending Fell in January – Transport Topics Online

Construction spending fell 0.7% in January, led by a drop in commercial projects, the Commerce Department reported. The decline to a $ 791.8 billion annual rate followed a 2.5% drop in December. The downturn was led by a 6.9% decline in commercial projects …

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Macroeconomic indicators – US construction spending fell more than forecast in January – SteelGuru

Bloomberg reported that construction spending in the US fell more than forecast in January 2011, paced by the biggest slump in commercial projects in 17 years, showing the industry will continue to be a laggard in the economic recovery. Commerce Department …
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Construction spending drops 0.7 percent in January – Austin American-Statesman

WASHINGTON — Builders began work on fewer offices, shopping centers and other commercial projects in January, pushing construction spending down to near a decade low. Builders trimmed their activity 0.7 percent in January following a revised 1.6 percent …
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