CONSTRUCTION SPENDING RETREATS IN APRIL AS PUBLIC INFRASTRUCTURE INVESTMENTS CONTINUE TO FALL, UNDERMINING SECTOR’S AND ECONOMY’S GROWTH

Construction spending retreated in April following unusually large gains in and February and March, according to an analysis of new government data by the Associated General Contractors of America. Association officials said private construction continues to do well so far in 2017 but under-investment in public infrastructure is holding back the industry and is jeopardizing…