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International

US construction spending falls in January

Published Mon, Mar 2, 2015 · 03:26 PM
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[WASHINGTON] US construction spending unexpectedly fell in January as both private and public outlays fell, a government report showed on Monday.

Construction spending declined 1.1 per cent to an annual rate of US$971.4 billion, the Commerce Department. It was up 1.8 per cent compared to January last year.

REUTERS

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