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December 2, 2016

Construction spending slightly up in October

By MARTIN CRUTSINGER
AP Economics Writer

WASHINGTON — U.S. builders boosted spending on construction projects by a modest amount in October, helped by big gains in spending on home construction and the biggest increase in government projects in 10 months.

Construction spending rose 0.5 percent in October following no change in September, the Commerce Department reported Thursday.


 
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