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U.S. Construction Spending Unexpectedly Dips 0.3% In July

The Commerce Department released a repot on Tuesday unexpectedly showing a decrease by U.S. construction spending in the month of July.

The report said construction spending fell by 0.3 percent to an annual rate of $2.163 trillion in July, while revised data showed construction spending was nearly unchanged at an annual rate of $2.169 trillion in June.

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by RTTNews Staff Writer

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