AGC's Simonson analyzes surprising new construction spending data

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

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