Manufacturing weakness deepened in March as nonresidential construction spending fell for a second straight month, leaving data centers and power infrastructure among the few major growth segments.
Private non-residential construction falls for fourth straight month as manufacturing spending retreats—can data centers and public work offset weakening private pipeline?
Economic uncertainty and rising prices lead to declining construction activity in July, the third consecutive month nonresidential construction spending has fallen.
Associated Builders and Contractors Chief Economist Anirban Basu cites labor shortages, tariffs as continuing industry challenges while construction spending slows amid caution and the end of Biden administration funding.