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Commerce Department: Construction Spending Up 0.1 Percent in May

Monday, July 3, 2000 - 1:45AM

Construction spending increased 0.1 percent in May to an annually-adjusted rate of $809.3 billion, the Commerce Department reported July 3. This increase was spurred by a rise in commercial projects. Spending for residential projects dropped 0.4 percent during May to an annually-adjusted rate of $368 billion.

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