2 April 2002, 13:49 U.S. Construction Spending Rose 1.1% in February
mainly due to strength in single-family home building and home repair and
renovation, the Commerce Department reported Monday. The residential
sector rose 3.5% in February and oher private construction rose 3.3%.
Public construction slipped 0.5% on widespread softness. However,
industrial building jumped 60.0% in February. More modest gains were
recorded in educational, military, sewer, and miscellaneous building. //MarketNews
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