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US construction spending continues to bump along the bottom [ClearOnMoney]
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US construction spending continues to bump along the bottom

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Commentary

US construction spending continues to bump along the bottom

2 Nov 2011 by Jim Fickett.

Today the Census Bureau released construction spending data through September. Overall spending has stabilized at a low level, showing no sign of recovery yet. There is no clear evidence of a rising or falling trend in any of the three main components - public spending, private residential, and private non-residential.

I am particularly interested in office construction spending. This category also shows a low, stable level of spending.