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02 April 2002 13:49  U.S. Construction Spending Rose 1.1% in February


mainly due to strength in single-family home building and home repair and renovation, the Commerce Department reported Monday. The residential sector rose 3.5% in February and oher private construction rose 3.3%. Public construction slipped 0.5% on widespread softness. However, industrial building jumped 60.0% in February. More modest gains were recorded in educational, military, sewer, and miscellaneous building. //MarketNews
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