According to an Associated Builders and Contractors analysis of data published by the U.S. Census bureau, national nonresidential construction spending decreased 0.1% in November. Nonresidential spending totaled $1.143 trillion, on a seasonally adjusted annualized basis.
On a monthly basis, spending was down in 11 of the 16 nonresidential subcategories.
Private nonresidential spending increased 0.2%. At the same time, nonresidential construction spending fell 0.6% in November.
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