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AGC's Simonson analyzes surprising new construction spending data

Post Time:May 06,2009Classify:Industry NewsView:106

The chief economist for the Associated General Contractors of America, Arlington, Va., Ken Simonson,responded to newdata released by the U.S. Census Bureau showing a surprise uptick in nonresidential construction spending this past March. Simonson explainedthat construction can be a lagging indicator and that much of the uptick wasfrom a series of mega energy andmanufacturing projects begun before the economic downturn, according to a May 5 AGC release.

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