Tag: drags
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Private construction pullback drags down overall spending
Dive Brief: Nonresidential construction spending dipped 0.1% in April to a seasonally adjusted annual rate of $1.248 trillion, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data released Monday. Spending fell in six of the 16 nonresidential subcategories, with private nonresidential construction down 0.5%, while public nonresidential construction rose 0.5%, according…