Steel Markets
December 6, 2018
SMU Construction Analysis: CPIP Data Positive in October
Written by Peter Wright
Construction in the United States is experiencing strong growth led by nonresidential building and infrastructure expenditures, according to Steel Market Update’s analysis of the latest Commerce Department Construction Put in Place data.
On Dec. 3, Commerce released CPIP expenditures data for October. The growth of total construction on a rolling 12-month basis year over year increased every month in a range from 2.0 percent in March to 4.5 percent in October. On a rolling three-months, the situation is even better with growth improving every month from November last year at 0.9 percent through October 2018 when it reached 6.4 percent.
