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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: January 2017

We are pleased to present below all posts archived in 'January 2017'. If you still can't find what you are looking for, try using the search box.

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 »

Overall Construction Input Prices Firm in December as Energy Prices Surge

WASHINGTON, D.C., Jan. 13—Construction input prices rebounded in December after experiencing a steep decline in November, according to analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors (ABC). Input prices rose 0.4 percent for the month and are up 2.1 percent year-over-year, the largest 12-month increase in 30 months. Read the rest of entry »

Construction Lost Jobs in December

WASHINGTON, D.C., Jan. 6—National construction employment declined by 3,000 net jobs on a seasonally adjusted basis in December, according to analysis of  U.S. Bureau of Labor Statistics data released today by the Associated Builders and Contractors (ABC).  Read the rest of entry »

Nonresidential Spending Thrives in Strong November Spending Report

WASHINGTON, D.C., Jan. 3—Nonresidential construction surged in November, according to analysis of U.S. Census Bureau data released today by Associated Builders and Contractors (ABC). Nonresidential spending expanded to $712.4 billion on a seasonally adjusted, annualized rate in November, representing the highest level of spending in eight years. Read the rest of entry »