Steel Markets
May 7, 2019
SMU Analysis: CPIP Data Shows Construction Booming on the State and Local Level
Written by Peter Wright
Private construction contracted in three months through March, but state and locally funded work, including infrastructure, is booming, according to Steel Market Update’s analysis of the latest Commerce Department data.
The Construction Put in Place (CPIP) expenditures data for March was released on May 1. Through March, total construction has negative momentum. Private construction contracted but state and locally funded work, including infrastructure, had strong growth year-over year.
