WASHINGTON - Construction spending fell 0.6% to a seasonally adjusted estimated annual rate of $837.1 billion in August, the sharpest decline since a 3% plummet in July 2011, the Commerce Department reported Monday.

The August rate dipped from a revised July estimate of $842 billion, originally reported as $834.4  billion, but was 6.5% above the August 2011 estimate of $786.3 billion.

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