The Census Bureau said that private manufacturing construction spending rebounded somewhat in March. The value of construction put in place rose from $77.61 billion at the annual rate in February to $79.33 billion in March, up 2.2 percent for the month.
Since achieving the all-time high of $89.65 billion in May 2015, construction activity in the manufacturing sector has ebbed somewhat. Yet, the larger trend has been a positive one, boosted in particular by increased investments in the chemical sector, which continues to benefit from cost advantages in the energy sector.
