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Nonresidential Construction Spending Decreases in May, First Time in Nearly a Year, Says ABC

WASHINGTON (July 3, 2023) — National nonresidential construction spending decreased 0.2% in May, according to an Associated Builders and Contractors (ABC) analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.06 trillion.