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Architecture billings rebound modestly in February (access required)

A leading indicator for construction spending bounced back in February, particularly in the South, following a negative reading in January, according to Anika R. Khan, a senior economist with Charlotte-based Wells Fargo Securities. Architecture billings rose 0.7 percentage points to 50.3, barely above the line indicating expansion. That suggests some moderation in construction activity is imminent, ...

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