Steel Markets
September 5, 2018
Construction Strong, July Expenditures at All-Time High
Written by Peter Wright
Construction is on a roll with expenditures in July at an all-time high, according to Steel Market Update’s latest analysis of Commerce Department data.
In the Sept. 4 data release which reported expenditures through July, the growth of total construction on a rolling 12-month basis year over year increased from 2.1 percent in January to 3.0 percent in July. On a rolling three-month year-over-year basis, the situation is better, with growth improving every month from December through July when it reached 5.1 percent. Construction expenditures data is developed by the Department of Commerce and is referred to as construction put in place (CPIP).
