Steel Markets
September 4, 2019
Construction Update: First Decline Since 2011
Written by Peter Wright
Construction Put in Place (CPIP) data released Sept. 3 by the Commerce Department shows the first decline in total construction in nearly eight years. Through July, total construction has had negative momentum every month since October last year, and in June and July total construction declined for the first time since November 2011, according to Steel Market Update’s analysis of the Commerce data. Commerce made substantial revisions in the latest release back to January 2013.
