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Economic Report: Construction spending up 0.3% in March

Outlays for construction projects rose 0.3% in March, the Commerce Department reported Monday Read More...

Outlays for construction projects rose 0.3% in March at a seasonally adjusted annual rate of $1.83 trillion, the Commerce Department reported Monday. 

Economists polled by The Wall Street Journal had expected a flat reading.

Over the past year, construction spending has been an engine of growth for the economy, rising 3.8%.

Spending…

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