Steel Markets
March 5, 2019
AGC: Construction Spending Saw Moderate Growth in 2018
Written by Sandy Williams
“Moderate and balanced growth” is evident across the residential, nonresidential and public construction sectors, although labor shortages continue to plague the industry, says an analysis of new government data by the Associated General Contractors of America
Construction spending dipped 0.6 percent in December to a seasonally adjusted annual rate of $1.29 trillion, but increased 1.6 percent from December 2017. Spending in 2018 as a whole increased 4.1 percent from 2017.
