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CONSTRUCTION SPENDING IN AUGUST
Outlays for construction projects fell 0.7% in August to $1.78 trillion, the Commerce Department reported Thursday. Wall Street was expecting a drop of 0.2%. Spending in July fell a revised 0.6% to $1.79 trillion, up from the prior estimate of a 0.4% drop. Over the past year, construction spending is still up 8.5%. Total private…