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Construction spending increased 0.7 percent in November, the Commerce Department said Wednesday, the fourth straight gain despite rising interest rates. Spending on residential, non-residential and government projects totaled $522.7 billion at a seasonally adjusted annual rate. Spending had totaled a revised $518.9 billion annual rate in October, when outlays rose 0.9 percent. The latest advance meant that outlays in November were 6.6 percent above those of a year ago. Most categories posted gains, including a 7.6 percent jump in industrial outlays such as factories.
