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June 2, 2020

Construction spending falls 2.9% as virus upends work

WASHINGTON (AP) — U.S. construction spending fell 2.9% in April, with broad declines across all building activity as shutdowns hobbled projects and workers were told to stay home.

The Commerce Department said that the April decline was the biggest monthly drop since October 2018. It followed a basically flat reading in March.


 
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