Steel Markets
October 5, 2018
SMU Analysis: Infrastructure Leads Construction Growth
Written by Peter Wright
Construction in the United States is experiencing strong growth led by infrastructure expenditures, according to Steel Market Update’s latest analysis of Commerce Department data.
On Oct. 1, Commerce released the construction put in place (CPIP) expenditures data for August. The growth of total construction on a rolling 12-month basis year over year increased from 2.1 percent in January to 3.6 percent in August. On a rolling three-month year-over-year basis, the situation is better with growth improving every month from December through August when it reached 6.0 percent.
