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U.S. Construction Spending Inches Up To New Record High In April

A report released by the Commerce Department on Tuesday showed U.S. construction spending increased by less than expected in the month of April.

The Commerce Department said construction spending edged up by 0.2 percent to an annual rate of $1.524 trillion in April after jumping by 1.0 percent to an upwardly revised rate of $1.521 trillion in March.

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by RTTNews Staff Writer

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