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February construction spending rises 0.1%
WASHINGTON (MarketWatch) -- Outlays for U.S. construction projects rose 0.1% in February to a seasonally adjusted annual rate of $945.7 billion, led by nonresidential projects, the U.S. Commerce Department reported Tuesday. Economists polled by MarketWatch had expected a 0.1% decrease in February. Both private and public construction spending rose 0.1% in February.
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