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Construction Spending Drops in May

July 01, 2020 at 08:53PM

Construction spending fell 2.1% at a seasonally adjusted annual rate (SAAR) of $1,356.4 billion in May, according to the Census Bureau. May’s figure is 0.3% higher than the May 2019 estimate of $1,352.9 billion. Spending on private construction was at a seasonally adjusted annual rate of $1,001.2 billion, 3.3% above the revised April estimate of […]

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