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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 2016

We are pleased to present below all posts archived in 'October 2016'. If you still can't find what you are looking for, try using the search box.

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 »

Construction Input Prices Begin to Trend Higher

WASHINGTON, D.C., Oct. 14—Both nonresidential and overall construction input prices increased in September, with natural gas and crude petroleum prices bouncing back, according to analysis of the U.S. Bureau of Labor Statistics (BLS) Producer Price Index released today by Associated Builders and Contractors (ABC). The BLS data show that nonresidential input prices expanded 0.3 percent on a monthly basis in September, and overall construction prices also rose 0.3 percent on a monthly basis after declining 0.2 percent in August.   Read the rest of entry »

Construction Employment Rebounds with Strong September Report

WASHINGTON, D.C., Oct. 7—The construction industry rebounded in a meaningful way in September by gaining 23,000 net new jobs on a monthly basis after losing 5,000 net jobs in August, according to an analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors (ABC). Despite the broader industry gains, the nonresidential sector added just 2,700 net new jobs for the month, while the residential sector added 15,700 new positions. The heavy and civil engineering subsector added 4,300 net new jobs after losing 23,200 positions over the previous five-month period. Read the rest of entry »

Nonresidential Spending Slips in August

WASHINGTON, D.C., Oct. 3—Nonresidential construction spending fell for a second consecutive month in August, according to analysis of U.S. Census Bureau data released today by Associated Builders and Contractors (ABC). Nonresidential spending totaled $686.6 billion on a seasonally adjusted, annualized basis for the month, 1.1 percent lower than July’s total of $694.1 billion (revised down from $701 billion) and 1.3 percent below August 2015’s figure. Read the rest of entry »