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Construction Spending Above Estimates in December
February 1, 2012
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Economic Update: Construction Spending
The Commerce Department reported that Construction Spending rose by +1.5% in December.The level was above the expectations for a reading of +0.5%.
November’s reading was revised down to +0.4% from +1.2% (Oct: -0.2%, Sept: +0.2%, August: +1.6%, July: -0.2%).
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