Steel Markets
November 7, 2018
SMU Construction Analysis: Nonres, Infrastructure Lead in Spending
Written by Peter Wright
Construction is experiencing strong growth led by nonresidential building and infrastructure expenditures.
On Nov. 1, the Commerce Department released the Construction Put in Place (CPIP) expenditures data for September. The growth of total construction on a rolling 12-month basis year over year increased from 2.1 percent in January to 4.2 percent in September. On a rolling three-months year-over-year basis, the situation is better with growth improving every month from November at 0.5 percent through September when it reached 6.6 percent.
