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04 Mar
20:30

US non-residential construction spending dips, rebound anticipated

US non-residential construction spending slipped 0.4% in January from December levels, Kallanish discovers from Census Bureau data. Despite that weakness, infrastructure categories should stay high through 2024, according to analysis by the Associated Builders and Contractors (ABC). The construction group forecasts an eventual overall rebound. “Some of this decrease is due to weather-related factors," says ABC chief economist Anirban Basu. &q…
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