January Construction Spending Falls Pretty Much In Line With Expectations


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Headline: 0.7% declineConsensus: 0.8% month-over-month decline, according to Bloomberg. Others had it at a 0.4% fall.

Last Month: Down 2.5%, month-over-month.

Details: Prior to December’s big down move, construction had experienced three months of consecutive month-over-month growth.

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