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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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Posts Tagged 'Economic Growth'

We are pleased to present below all posts tagged with 'Economic Growth'. If you still can't find what you are looking for, try using the search box.

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.  

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).

Construction Unemployment Rises to 11.9 Percent in September

In a sign the nation’s construction industry continues to struggle, the construction unemployment rate rose to 11.9 percent in September, up from 11.3 percent in August, according to the Labor Department’s Oct. 5 employment report. However, the construction unemployment rate is down from 13.3 percent the same time last year.

Nonresidential Construction Spending Unchanged in June

“Nonresidential construction spending in June was roughly in accordance with expectations,” said Associated Builders and Contractors (ABC) Chief Economist Anirban Basu. “The volume of spending was virtually unchanged for the month, reflecting an economy that is growing slowly, but with an insufficient level of confidence to produce significant numbers of new construction starts.

Investment in Nonresidential Structures Slows Sharply During Second Quarter

Investment in the nation’s nonresidential structures rose 5.3 percent in the second quarter of the year, following a revised 7.5 percent increase in the first quarter of 2012, according to the July 27 gross domestic product report (GDP) by the U.S. Commerce Department.

Construction Spending in May Up 7 Percent from One Year Ago

Total construction spending in the nation – which includes both residential and nonresidential construction – increased 0.9 percent from April to May and is 7 percent higher from one year ago, according to the July 2 construction spending report from the U.S. Census Bureau. However, nonresidential construction was unchanged in May from the previous month, totaling $562.3 billion.

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