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Post by bot on May 3, 2014 2:41:09 GMT -5
WASHINGTON (MarketWatch) -- Outlays for U.S. construction projects rose 0.2% in March to a seasonally adjusted annual rate of $942.5 billion, led by private residential projects, the U.S. Commerce Department reported Thursday. Economists polled by MarketWatch had expected a 0.6% increase in March. Looking at private projects, spending rose 0.8% on residential construction, and 0.2% on nonresidential projects. For public projects, spending fell 6.6% for residential construction and 0.5% for nonresidential construction.
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