A man works at a construction site, as Miami-Dade County eases some of the lockdown measures put in place during the coronavirus disease outbreak, in Miami, Florida, U.S., May 18, 2020.
Marco BelloThe Commerce Department said on Monday that construction spending dropped 2.9per cent in April. Still, the decline was the largest since January 2009. Data for March was revised down to show construction outlays unchanged instead of increasing 0.9per cent as previously reported.Economists polled by Reuters had forecast construction spending declining 6.5per cent in April.
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