CONSTRUCTION SPENDING IN FEBRUARY INCHES UP FROM JANUARY, GAINS 3 PERCENT FROM A YEAR AGO AS PRIVATE CONSTRUCTION OUTWEIGHS DROP IN PUBLIC PROJECTS
Construction spending in February inched up 0.1 percent from January and increased 3.0 percent from the February 2017 level, according to an analysis of new government data by the Associated General Contractors of America. Association officials noted that public construction dropped sharply in February and urged federal agencies to move promptly to invest recently approved funding for a variety of construction categories.