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ABC's Construction Economic Update covers the latest commercial and industrial construction economic news. Delivered electronically, it provides an analysis of the monthly economic indices released by the federal government, including construction spending, employment, the producer price index and the quarterly gross domestic product.  

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From the category archives: Economic Growth

Economic Growth

Nonresidential Fixed Investment Surges Despite Sluggish Economic in First Quarter

WASHINGTON, D.C., April 28—The U.S. economy’s performance slowed in the first quarter of 2017, but nonresidential fixed investment expanded at an impressive 9.4 percent seasonally adjusted annual rate, according to analysis of U.S. Bureau of Economic Analysis data released today by Associated Builders and Contractors (ABC). Read the rest of entry »

Nonresidential Fixed Investment Expands 2.4 Percent, but U.S. Economic Growth Slows in Fourth Quarter

WASHINGTON, D.C., Jan. 27—The improved performance of the U.S. economy during last year’s third quarter gave way to a weaker period of growth in the fourth, according to analysis of U.S. Bureau of Economic Analysis data released today by Associated Builders and Contractors (ABC). Real gross domestic product (GDP) expanded 1.9 percent on a seasonally adjusted annualized rate during 2016’s final quarter, down from a 3.5 percent expansion in the third quarter. While the fourth quarter represents the 11th consecutive quarter of GDP expansion, overall GDP growth for 2016 totaled 1.6 percent, the slowest rate of
expansion since 2011. Read the rest of entry »

Nonresidential Construction Spending Gains Momentum

WASHINGTON, D.C., Dec. 1—Nonresidential construction spending totaled $699.7 billion on a seasonally adjusted, annualized basis in October, a 0.3 percent decrease from September’s significantly upwardly revised total, but an increase of 2.6 percent year-over-year according to analysis of U.S. Census Bureau data released today by Associated Builders and Contractors (ABC). Read the rest of entry »

Nonresidential Fixed Investment Expands Again During Solid Third Quarter, ABC Says

WASHINGTON, D.C., Oct. 28—Real gross domestic product (GDP) expanded 2.9 percent on a seasonally adjusted annualized rate during the third quarter of 2016, according to an analysis of Bureau of Economic Analysis data released today by Associated Builders and Contractors (ABC). This follows a 1.4 percent increase during the second quarter and represents the tenth consecutive quarter of economic expansion. Read the rest of entry »

Output Expands, but Nonresidential Fixed Investment Falters As Economic Malaise Continues

WASHINGTON, D.C., July 29—Real gross domestic product (GDP) expanded 1.2 percent (seasonally adjusted annual rate) during 2016’s second quarter according to an analysis of Bureau of Economic Analysis data released today by Associated Builders and Contractors (ABC). This modest figure follows a 0.8 percent annualized rate of output growth registered during the year’s first quarter. Read the rest of entry »

Quarterly GDP Growth Slowest in Two Years

WASHINGTON, D.C., April 28— Real gross domestic product (GDP) expanded only 0.5 percent (seasonally adjusted annual rate) during 2016’s first quarter according to an analysis of Bureau of Economic Analysis data released today by Associated Builders and Contractors (ABC). This disappointing figure follows a 1.4 percent annualized rate of economic output expansion during the fourth quarter of 2015.   Read the rest of entry »

Tepid GDP Growth a Sign Construction Spending May Sputter; Decline Unlikely

Real gross domestic product (GDP) expanded by just 0.7 percent (seasonally adjusted annual rate) during the fourth quarter of 2015, according to an analysis of the Bureau of Economic Analysis data released today by Associated Builders and Contractors (ABC). This paltry growth follows a 2 percent increase during the year’s third quarter and a 3.9 percent increase during the second quarter. For the year, GDP expanded by 2.4 percent, matching the rate of growth seen in 2014. Read the rest of entry »

Economic Growth Stronger than Headline GDP Figure Suggests

WASHINGTON, D.C.—In a sign of continued recovery for the  U.S. economy, both real gross domestic product (GDP) and nonresidential fixed investment expanded during the third quarter, according to an analysis by Associated Builders and Contractors (ABC) of today’s  release from the Bureau of Economic Analysis. GDP expanded 1.5 percent (seasonally adjusted annual rate) during the third quarter while nonresidential fixed investment expanded by 2.1 percent during that period, both
building on positive results from the previous quarter. Read the rest of entry »

Nonresidential Fixed Investment Falls in Second Quarter

Nonresidential fixed investment fell by 0.6 percent during the second quarter after expanding by 1.6 percent during the first quarter, according to the July 30 real gross domestic product (GDP) report by the Bureau of Economic Analysis (BEA). For the economy as a whole, real GDP expanded by 2.3 percent (seasonally adjusted annual rate) during the second quarter following a 0.6 percent increase during the year’s first quarter. Note that the first quarter estimate for nonresidential fixed investment was revised upward from -3.4 percent annualized growth. Read the rest of entry »

Nonresidential Construction Spending Surges in April

Today’s Census Bureau release regarding nonresidential construction spending did not just offer good news about April; it also supplied upwardly revised spending data for both February and March. Nonresidential spending expanded 3.2 percent on a monthly basis in April and spending totaled $646.7 billion on a seasonally adjusted, annualized basis, according to the government’s initial estimate. Nonresidential construction is up by a solid 8.8 percent over the past year, consistent with ABC’s forecast of high single-digit growth. The Census Bureau also revised March’s nonresidential spending figure from $611.8 billion to $626.7 billion, and February’s figure from $613.1 billion to $618.4. Initial estimates suggested that nonresidential construction was sagging during the early months of the year; however, the new data indicate spending has expanded during each of the previous three months. Read the rest of entry »
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