Steel Markets
December 4, 2020
Construction Put in Place Data for October
Written by Peter Wright
Total construction expenditures on a rolling 12-month basis were at an all-time high in October, but year-over-year growth has slowed from 8.1 percent in February to 0.5 percent in October. Private constriction expenditures returned to positive growth in October after declining in the months June through September.
Steel Market Update analyzes Construction Put In Place (CPIP) data to provide a detailed description of activity that accounts for about 45 percent of total U.S. steel consumption. See the end of this report for a description of how we perform this analysis and structure the data.
