Construction Expenditures through August 2016

Each month the Commerce Department issues its Construction Put in Place (CPIP) data, usually on the first working day covering activity two months earlier. August data for CPIP was released on Monday October 3rd.

Overall this was a disappointing report with the growth of total construction having declined for five consecutive months and continuing to have negative momentum. Of the three funding categories, private, state & local and federal, only private work had positive growth in three months year over year and that with a slowing trend. All four construction sectors had negative momentum. These are non-residential buildings, residential buildings, infra-structure and other which is a catch all for industrial, utilities and power.