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March 6, 2024

Construction spending dips a bit in January but continues upward trend

By JOURNAL STAFF

Chart from ABC [enlarge]
After leveling off from the start of the pandemic in 2020, spending on nonresidential construction has taken off.

National nonresidential construction spending decreased 0.4% in January, according to an analysis of recent U.S. Census Bureau data by the Associated Builders and Contractors. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.19 trillion.


 
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