ABC says recession could be around the corner

Financial WASHINGTON — National nonresidential construction spending was down 0.8% in March, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $839.2 billion for the month. Spending was down on a monthly basis in 11 of 16 nonresidential subcategories….

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