February construction spending falls 0.9%, government says

04/2/2009 | Transport Topics Online · Reuters

February construction spending declined 0.9% in what amounted to the smallest downturn since October, according to the Commerce Department. The February decline was also smaller than the 1.8% to 1.9% decline predicted. Spending on construction projects fell to $967.5 billion, the lowest level in five years. Spending on private residential construction slipped 4.3% in February, the most in more than a decade.

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Transport Topics Online · Reuters

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