CONSTRUCTION SPENDING SLIPS IN JANUARY AS PUBLIC INVESTMENTS IN INFRASTRUCTURE “TUMBLED” WHILE PRIVATE CONSTRUCTION DEMAND CONTINUES TO GROW SOLIDLY

Construction spending slipped from December to January but increased modestly from a year ago, as private construction grew solidly but public infrastructure outlays tumbled, according to an analysis by the Associated General Contractors of America. Association officials said the January data indicates the need for new public investments in infrastructure along the lines of the…