Steel Markets
April 5, 2019
SMU Analysis: Construction Spending's High But Slowing
Written by Peter Wright
Construction activity in the U.S. is at an all-time high—but slowing.
The Construction Put in Place (CPIP) expenditures data for February was released on April 1. Commerce Department data releases have now recovered from the government shutdown delays. Through February, total construction has negative momentum, but state and locally funded work, including infrastructure, had strong growth year-over year.
