Construction spending increase outpaces cement shipment gains
- Published: Monday, 13 February 2017 10:51
- Written by Concrete News
Sources: U.S. Census Bureau; CP staff
The U.S. Census Bureau calculates the value of 2016 construction at $1.16 trillion, about 4.5 percent above the prior year’s $1.11 trillion total. The growth rate in spending eclipsed another principal metric: cement consumption, which Portland Cement Association pegged at 2.7 percent higher last year than in 2015. The variance reflects flat or lagging infrastructure project activity, where cement and concrete represent a higher slice of each dollar when compared to buildings.