Construction spending slipped in March from upwardly revised February totals but increased modestly from a year earlier, according to an analysis by the Associated General Contractors of America.

“The first quarter as a whole was positive for all major categories of construction despite a weak March for residential and public construction spending,” said Ken Simonson, the association’s chief economist. “Current indications suggest private nonresidential construction and multifamily housing will continue to grow throughout the year. But funding for infrastructure is in jeopardy, which threatens to hold down public construction.”

Construction spending in March totaled $967 billion at a seasonally adjusted annual rate, 0.6% lower than the upwardly revised February figure, but 2.0% higher than in March 2014, Simonson said. For the first three months of 2015 combined, spending exceeded the first-quarter 2014 total by 3.2%. Simonson added that weather-related anomalies in the first few months of the year, along with revisions to prior data, mean year-to-date comparisons for the full quarter are more revealing than figures for a single month.

To view the full Associated General Contractors of America release, click here.