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03 Jun
18:18

US nonresidential construction spending slips in April

The US Census Bureau has downwardly revised some national construction-spending calculations from the first quarter, although the current pace is still generally well above 2023 levels, Kallanish understands. Nonresidential construction in April was at a seasonally adjusted annual rate of $721.5 billion, 0.3% below the revised March estimate of $723.8 billion, the bureau states in its monthly report on Monday. The estimated seasonally adjusted annual rate of pub…
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