Construction Spending Falls to Lowest Level in Seven Years

Construction spending in January fell by $5.5 billion to $884 billion, its lowest level since June 2003, according to AGC's analysis of new federal figures. Declining investments in private-sector non-residential construction and public construction at all levels of government drove the decline, AGC's chief economist Ken Simonson said. Read AGC's press release here. For more information, contact Brian Turmail at (703) 837-5310 or turmailb@agc.org.