Steel Markets
October 4, 2016
Construction Spending Steady in August Says AGC
Written by Sandy Williams
Construction sector recovery may be at a plateau, says Stephen Sandherr , CEO of the Associated General Contractors of America. The press release from AGC for August construction spending follows:
Construction spending held steady in August compared to July but is up nearly five percent for the first eight months of the year compared to same period in 2015, according to an analysis by the Associated General Contractors of America. Association officials said the new spending figures indicates that the industry’s recovery may be at risk and said new investments in the nation’s aging water systems and other infrastructure could help offset declining spending in certain types of private construction.
