Friday, September 1, 2017

US construction spending drops 0.6 percent in July

September 01, 2017 at 09:05AM

WASHINGTON (AP) — U.S. construction spending fell in July for the third time in four months as strength in home construction was not enough to offset weakness in nonresidential building and government projects.

The Commerce Department says construction spending dropped 0.6 percent in July following an even bigger 1.4 percent decline in June.

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