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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: April 2015

We are pleased to present below all posts archived in 'April 2015'. If you still can't find what you are looking for, try using the search box.

Nonresidential Fixed Investment’s Winning Streak Shattered in the First Quarter

Nonresidential fixed investment fell 3.4 percent in the first quarter of 2015, after expanding 4.7 percent in the fourth quarter of 2014, according to the April 29 gross domestic product (GDP) report by the Bureau of Economic Analysis. Real GDP expanded just 0.2 percent, on a seasonally adjusted annualized rate, during the first quarter, following a 2.2 percent increase during the final quarter of 2014.  Read the rest of entry »

Construction Materials Prices Expand in March

Prices for inputs to construction industries expanded 0.8 percent in March, the largest monthly increase in more than two years, according to the April 14 producer price index release by the Bureau of Labor Statistics. Prices have now expanded for two consecutive months after declining during the prior six; however input prices are down 3.6 percent on a year-over-year basis. March marks the fourth consecutive month year-over-year input prices have declined, the longest such streak since 2009. Crude petroleum prices fell 4 percent in March and have fallen in eight of the previous nine months. Read the rest of entry »

Nonresidential Construction Employment Ticks up Despite Dismal Overall Jobs Report

Nonresidential construction added 5,000 net new jobs in March, with nonresidential specialty trade contractors leading the way by contributing 4,400 new jobs, according  to the April 3 Bureau of Labor Statistics preliminary estimate. As a whole, the U.S. construction industry lost 1,000 jobs in March, while February’s construction employment estimate (29,000 new jobs) was unrevised. The residential sector also regressed in March, losing 2,800 jobs. Read the rest of entry »

Nonresidential Construction Spending Flat in February

Blame it on the weather – that is what many economists have been doing over the past two months as economic data continue to disappoint. Retail sales, durable goods orders and other categories have not been as strong as anticipated.  Read the rest of entry »