CPIP Data: Construction Spending Plateaus in August

The U.S. construction sector was virtually unchanged in August, as spending was largely flat for a second straight month. Increase in public sector projects was offset by weakness in the private sector, the Commerce Department reported.

Supply chain disruptions, rising materials prices and labor shortages continue to keep the construction sector captive. The trend has led to just marginal changes when compared to the prior year, when construction was significantly hindered by COVID-related disruptions.

David Schollaert

David Schollaert is a senior analyst for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. Based in CRU’s Pittsburgh office, David can be reached at david@steelmarketupdate.com or 724-720-1008.

David Schollaert

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