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Nonresidential Construction Spending Down 1% in March; Recession Could Be Around the Corner, Says ABC

by | May 3, 2022 | ABC | 0 comments

WASHINGTON, May 2—National nonresidential construction spending was down 0.8% in March, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $839.2 billion for the month.

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