Nationwide spending on nonresidential construction decreased by 0.5% for March following weeks of uncertainty in the face of new trade tariffs, the latest analysis of U.S. Census Bureau data from the Associated Builders and Contractors has shown.  On a seasonally adjusted annualized basis, nonresidential spending totaled $1.25 trillion. Spending was down on a monthly basis in 11 of the 16 nonresidential subcategories. Private nonresidential spending fell 0.8%, while public nonresidential construction spending was down 0.2% in March. This follows the findings from last month's report, which eclipsed new record highs in the month of February. The Dodge Momentum Index has also seen a pullback lately while the commercial sector falters outside of typically strong data center designs. Table credit: Associated Builders and Contractors"Nonresidential construction spending fell sharply in March, with declines spread across virtually every private subsector,” ABC’s Chief Economist, Anirban B...