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Spending on construction projects, rising until a few months back, has been declining. The homebuilding industry has been the biggest casualty of the Fedâs aggressive rate hike policy, which has seen a steady decline in spending on construction projects.
However, construction spending rose unexpectedly in September, indicating that inflation might be easing. The rise was primarily driven by spending on non-residential structures like mining and oil well drilling and government projects. Gi...
>>> Read more: 4 Stocks to Buy on a Rise in September Construction Spending
However, construction spending rose unexpectedly in September, indicating that inflation might be easing. The rise was primarily driven by spending on non-residential structures like mining and oil well drilling and government projects. Gi...
>>> Read more: 4 Stocks to Buy on a Rise in September Construction Spending
