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Construction spending falls for fifth straight month (access required)

by Associated Press

Published: April 1,2009

Time posted: 7:58 am

Tags: construction, economy

WASHINGTON (AP) - Construction spending fell for a fifth straight month in February as another big drop in home building offset a slight rebound in nonresidential construction.The Commerce Department said Wednesday that February construction activity dropped 0.9 percent, less sharply than the 1.5 percent decline economists expected. Total construction has been falling since October. The ...





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