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Thursday, May 9, 2013

Construction spending continues to yo-yo

Construction spending in the U.S. seems to be a bit of a roller coaster as of late. After rising in February, spending dropped to $856.7 billion. This is 1.7% below the revised February estimate of $871.2 billion, according to the U.S. Census Bureau.
However, March’s spending is 4.8% above the year-ago estimate of $817.8 billion. 

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