Construction spending in February rose .8%. The increase reflected the highest level of spending in nearly 11 years. Developers ramped up projects that included new highways, homes and schools. State and local governments spent .9% more on construction of roads, schools, and recreational buildings. The Federal Government cut spending in February by 9%, but President Trump has pledged to reverse that trend by boosting infrastructure spending by $1 trillion over the next decade.
Source:Transport Topics
