Tag: PreShutdown
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ABC: Pre-Shutdown Nonresidential Construction Spending Slips in August
National nonresidential construction spending edged down 0.2% in August, according to an Associated Builders and Contractors analysis of new U.S. Census Bureau data. On a seasonally adjusted annual rate, spending reached $1.24 trillion. Ten of the 16 nonresidential subcategories posted monthly declines. Private nonresidential spending fell 0.3%, while public-sector spending dipped 0.1%. Industry economist Anirban…