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Construction spending down in January (access required)

WASHINGTON – U.S. construction spending fell in January, reflecting weakness in spending on office buildings and other nonresidential projects and in government activity. Construction spending fell 1.1 percent in January following a revised 0.8 percent increase in December, the Commerce Department reported Monday. Spending on home construction rose 0.6 percent but spending on nonresidential projects dropped 1.6 ...

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