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August 4, 2020

Construction spending down 0.7% in June

SILVER SPRING, Md. (AP) — U.S. construction spending fell again in June, the fourth straight decline as the coronavirus outbreak continues to wreak havoc on the economy.

Spending on U.S. construction projects fell 0.7% in June as both homebuilding and nonresidential activity declined, the Commerce Department said on Monday. Private and government spending on construction both also declined by the same 0.7% figure.


 
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