CPIP Data: Construction Spending Fades in September

The U.S. construction sector slipped in September as spending faded for the second consecutive month following a downward revision in August’s results, the Commerce Department reported.

The Census Bureau’s report on construction spending shows that the value of residential construction put in place in September was up 19% year on year but fell 0.4% month on month. The month’s losses were spread across both private and public construction sectors, tumbling 0.5% and 0.7%, respectively.

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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