Sluggish February Construction Data Points to Soft Commercial Market in 1Q 2011

Construction spending during February 2011 was estimated at a seasonally adjusted annual rate of $760.6 billion, 1.4 percent below the revised January estimate of $771 billion, according to the Department of Commerce. The February figure is also 6.8 percent below the February 2010 estimate of $815.8 billion.

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