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Spending on heavy-engineering projects declined in August
Spending on heavy engineering construction projects dropped a seasonally adjusted 1.4% in August, following July's 0.7% drop. However, heavy engineering spending is up 9.5% from year-ago levels on a not seasonally adjusted rate, according to Reed Construction Data. Spending is forecast to increase 6.8% this year and 4.6% in 2013.
Reed Construction Data (10/29)
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