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U.S. Construction Spending Falls in April

U.S. construction spending in April was estimated at a seasonally adjusted annual rate of $1.35 trillion, falling 2.9% from March but rising 3.0% from the year-ago period.  Private construction spending decreased 3.0% from March to a seasonally adjusted annual rate of $1.0 trillion.  Residential levels for April were down 4.5% from the previous month to $536.8 billion, and non-residential totals dipped 1.3% from March to $467.3 billion.  See U.S. Census Bureau

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