• U.S. Construction Spending Dropped 2% in August

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Construction spending during August 2012 was estimated at a seasonally adjusted annual rate of $837.1 billion, 0.6 percent (±2.1%) below the revised July estimate of $842.0 billion. The August figure is 6.5 percent (±2.1%) above the August 2011 estimate of $786.3 billion. During the first 8 months of this year, construction spending amounted to $545.2 billion, 9.0 percent (±1.5%) above the $500.1 billion for the same period in 2011. Source: USDOC-Census

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