- Published: Wednesday, 24 August 2011 13:55
- Written by Cement Americas News
Source: Portland Cement Association, Skokie, Ill.
According to a recent PCA report, 77.3 percent of total American Recovery and Reinvestment Act highway funds have been dispersed through July, compared to 75.6 percent in June. July highway stimulus spending was $452 million, a 31 percent decrease from June’s spending rate. Against year-ago levels, July’s spending volumes declined 64 percent. Spending has averaged $529 million in the last three months compared to a $1.168 billion average for the same period last year.