Construction Spending Needs Boost from Infrastructure Bill Says AGC

Construction spending is suffering from a decrease in public investment said Ken Simonson, chief economist at the Associated General Contractors of America.

“Construction spending is still increasing overall but growth has become much more uneven across categories in recent months,” said Simonson. “There has been a steep decline in public investment in nearly all types of construction over the past year. Private nonresidential construction is still rising overall but generally at slower rates than was occurring a few months ago.”