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U.S. construction spending slips in July, below expectations

U.S. construction spending ticked down in July, with building projects at a seasonally adjusted rate of $2… in the latest Census Bureau report published Tuesday, cooler than surveyed analysts expected.

USCONSTS

By Dean SealU.S. construction spending ticked down in July, coming in cooler than surveyed analysts had expected, according to the latest report from the Census Bureau.In its monthly report published Tuesday, the agency said spending on building projects came in at a seasonally adjusted rate of $2…