US construction spending jumps
Published by Joseph Green,
Editor
World Cement,
In May 2015, US construction spending grew to its highest level in over six and a half years. Outlays increased across the industry, the latest sign of momentum in the economy.
Reaching the highest level since October 2008, construction spending increased 0.8% to an annual rate of US$1.04 trillion.
In May, construction spending was lifted by a 0.9% increase in private construction spending reaching the highest level since July 2008. Spending on private residential construction also rose 0.3%.
Edited from source by Joseph Green. Source: Reuters
Read the article online at: https://www.worldcement.com/the-americas/03072015/may-us-construction-spending-grew-97/
You might also like
World Cement Podcast
In the latest episode of the World Cement Podcast, Senior Editor David Bizley is joined by Dr Andrew Minson of the GCCA to discuss the ins and outs of the recently launched Low Carbon Ratings (LCR) system.
Queens Carbon secures US$10M in seed funding for low carbon cement
Backed by Clean Energy Ventures and Buzzi Unicem USA, Queens Carbon will leverage funding to scale its energy-efficient cement production platform.
