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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 monthly archives: October 2013

We are pleased to present below all posts archived in 'October 2013'. If you still can't find what you are looking for, try using the search box.

Construction Materials Prices Remain Flat in September

Construction materials prices rose only 0.1 percent in September and are up just 0.6 percent year over year, according to the Oct. 29 Producer Price Index release by the Department of Labor.  Nonresidential construction materials were unchanged for the month and are 0.1 percent higher than one year ago.
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Nonresidential Construction Spending Posts Modest Gains in August

Nonresidential construction spending grew 0.2 percent in August and is up 1.3 percent on an annual basis, according to the Oct. 22 release by the U.S. Census Bureau. August spending totaled $568.6 billion, on a seasonally adjusted, annualized basis.
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Construction Employment Resumes Growth in October

Overall national construction employment rose by 20,000 jobs in September, with nonresidential construction employment gaining 12,000 positions, according to an Oct. 22 report by the Department of Labor. The national construction unemployment rate stood at 8.5 percent in September on a non-seasonally adjusted basis, down from 9.1 percent in August and 11.9 percent at the same time last year.
Since September 2012, the construction industry has added 193,000 jobs, or 3.4 percent. Of that total, 37 percent is attributable to nonresidential activities, down from 42 percent in August 2013. 
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