US Construction Spending Up Strong 1 Percent in January

U.S. construction spending rose a solid 1 percent in February, led by a strong gain in spending on government projects, which hit an all-time high. The February increase followed an even larger 2.5 percent gain in January and a slight.0.2 percent rise in December, the Commerce Department reported Monday. The gains pushed total construction to a seasonally adjusted annual rate of $1.32 trillion, the highest level since May.

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