Nonresidential construction spending fell for a second consecutive month in August, according to analysis of U.S. Census Bureau released today by Associated Builders and Contractors (ABC). Nonresidential spending totaled $686.6 billion on a seasonally adjusted, annualized basis for the month, 1.1% lower than July’s total of $694.1 billion (revised down from $701 billion) and 1.3% below August 2015’s figure.
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