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Nonresidential Construction Maintains Momentum, AGC Says

"Nonresidential construction spending continued growing in July, despite the weak economy and housing slump," Ken Simonson, Chief Economist for The Associated General Contractors of America (AGC), said today following the release of construction spending data from the Census Bureau. "But Congress must act promptly to avert layoffs in power and highway construction." AGC Press Release, 9/02/08