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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 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 »

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 »

Investment in Nonresidential Structures Expands Moderately in Fourth Quarter

Real gross domestic product (GDP) expanded 2.6 percent (seasonally adjusted annual rate) during the fourth quarter of 2014, following a 5 percent increase in the third quarter according to the Bureau of Economic Analysis Jan. 30 release. Nonresidential fixed investment grew by only 1.9 percent after expanding 8.9 percent in the third quarter. Investment in equipment declined 1.9 percent, while investment in nonresidential structures increased 2.6 percent. Read the rest of entry »

GDP Report Shows Increasing Positivity for Nonresidential Construction

Nonresidential fixed investment grew 5.5 percent in the third quarter after expanding 9.7 percent in the second quarter, according to the Bureau of Economic Analysis’ Oct. 30 gross domestic product (GDP) report. It has now expanded by greater than 5 percent in four of the past five quarters. In addition, investment in equipment increased 7.2 percent, while investment in nonresidential structures increased 3.8 percent. 
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Nonresidential Fixed Investment Expands 5.5 Percent During Robust Second Quarter

Nonresidential fixed investment expanded 5.5 percent and residential fixed investment expanded 7.5 percent during the second quarter of 2014 according to a July 30 release by the Bureau of Economic Analysis. Overall, real gross domestic product (GDP) increased 4 percent (seasonally adjusted annual rate) during the second quarter of 2014 following a 2.1 percent decrease (revised from -2.9 percent) in the first quarter.  
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Nonresidential Fixed Investment Expanded 3.8 Percent During Fourth Quarter of 2013

Nonresidential fixed investment expanded 3.8 percent while residential fixed investment fell 9.8 percent during the fourth quarter of 2013, according to a Jan. 30 release by the Bureau of Economic Analysis. Overall, real gross domestic product (GDP) expanded 3.2 percent following a 4.1 percent increase in the third quarter.
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Third Quarter Nonresidential Fixed Investment in Structures Rises 12.3 Percent

Fixed investment in nonresidential structures and intellectual property grew 12.3 percent and 2.2 percent, respectively, in the third quarter, according to the U.S. Commerce Department’s Nov. 7 report on gross domestic product (GDP). However, the growth was tempered by a 3.3 percent decline in fixed investment in nonresidential equipment.
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Nonresidential Fixed Investment in Structures Expands 4.6 Percent

Nonresidential fixed investment in structures expanded 4.6 percent on an annualized basis during the second quarter of 2013, according to the July 31 gross domestic product (GDP) report by the U.S. Commerce Department. This increase followed a 4.6 percent decline in the first quarter of the year.
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Nonresidential Fixed Investment in Structures Slips 0.3 Percent in First Quarter 2013

Evidence that the nation’s economy is being fueled by consumer purchases, nonresidential fixed investment grew 2.1 percent in the first quarter of this year, with 3 percent growth in equipment and software investments partially offset by a 0.3 percent decrease in investment in structures, according to April 26 report by the Commerce Department on gross domestic product (GDP).
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Nonresidential Fixed Investment Up 8.4 Percent

Despite a decline in the nation’s gross domestic product (GDP) in the last quarter of 2012, the Bureau of Economic Analysis Jan. 30 reported nonresidential fixed investment increased 8.4 percent for the fourth quarter as investment in equipment and software jumped 12.4 percent, which outweighed a 1.1 percent decline in investment in structures.  For the year, nonresidential fixed investment increased 7.7 percent, with investment in structures up 9.6 percent and investment in equipment and software up 6.9 percent. 
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