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Nonresidential building spending drops 2.5 percent in Oct.

Nonresidential building construction spending fell 2.5 percent in October after a 0.5 percent gain in September, according to numbers from Reed Construction Data. Spending fell at a 7.3 percent annual pace in the last three months, sharply lower than the nearly 25 percent pace over the previous six quarters. October spending was 22 percent below October ...

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