Construction Outlays Dip 0.4% to $1.013T

Førris, Craig T.
January 2005
Bond Buyer;1/4/2005, Vol. 351 Issue 32042, p2
Trade Publication
The article presents news regarding recent developments in the manufacturing sector and construction projects in the US. According to reports, construction projects declined in November for the first time since last January as private construction fell but public construction increased. Total construction spending declined by 0.4% or $3.58 billion, to a seasonally adjusted annual rate of $1,013 trillion, following an upwardly revised 0.3% hike in October to $1,017 trillion, first reported as $1.009 trillion. The 0.4% decline was the first since a 0.3% decline in January and the largest since a 0.8% drop in February 2003.


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