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U.S. Construction Spending Records New High in December

Construction spending in the United States hit a new record high in December, data showed on Monday.

Construction spending rose by 1% to $1.49 trillion, its highest level since the records began in 2002, according to the U.S. Department of Commerce.

The November reading was revised upwards to 1.1% from a previously estimated 0.9% increase.

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