Steel Markets
August 2, 2019
SMU Analysis: State and Locally Funded Construction Continues to Boom
Written by Peter Wright
Private construction contracted in three months through June, but state and locally funded work, including infrastructure, is continuing to boom.
Construction Put in Place (CPIP) expenditures data for June was released on Aug. 1. Through June, total construction has had negative momentum every month since October last year. This was entirely a result of contracting privately funded work. Infrastructure and state and locally funded projects are booming, according to Steel Market Update’s analysis of Commerce Department data
