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Construction Indicators Fading : ABC | Construction Equipment

Construction Indicators Fading : ABC | Construction Equipment
constructionequipment.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from constructionequipment.com Daily Mail and Mail on Sunday newspapers.

Investment in Nonresidential Structures Up a Meager 3% in Final Quarter of 2020

US Recession Recovery Shows Signs of Stalling with Just 4.0% GDP and 3.0% Nonresidential Construction Growth in Q4 Compared to 33.4% Q3 GDP growth, 4.0% represents drastic slowing, An indication of an economy still beset by uncertainty and interruption. Economic momentum has been decelerating rapidly since the summer, says ABC s chief economist January 28, 2021 Bureau of Economic Analysis The U.S. economy expanded at an annualized 4.0% rate in the fourth quarter of 2020 as the nation’s recovery from last spring’s economic devastation continued. Nonresidential investment in structures increased at a 3.0% annualized rate in the fourth quarter. “Some observers may say that the economic recovery that began in May 2020 is neatly in place, but that is simply not true,” said ABC Chief Economist Anirban Basu. “After expanding 33.4% during the third quarter, the U.S. economy expanded only 4% during the fourth, an indication of an economy still beset by uncertainty and interr

ABC economist: Tougher times may be ahead for contractors

Dive Brief: Investments in commercial construction grew by a modest 3% annualized rate during the final quarter of 2020, while the U.S. economy as a whole grew at an annualized 4% rate in that same period, according to Associated Builders and Contractors. “Some observers may say that the economic recovery that began in May 2020 is neatly in place, but that is simply not true,” Anirban Basu, ABC’s chief economist, said in the release. Basu said that the U.S. economy grew by 33.4% during the third quarter, but was followed by slower growth to close out the year, pointing to further uncertainty for U.S. construction firms.

Monthly Construction Input Prices Decreased in November, Says ABC

Monthly Construction Input Prices Decreased in November, Says ABC Share: Washington, Dec. 11 Construction input prices fell 0.5% in November compared to the previous month, according to an Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices fell 0.4% for the month. Construction input prices increased 0.9% between November 2019 and November 2020. Nonresidential construction input prices are up just 0.3% over that span. Once again, the relatively larger increase in overall construction input prices is attributable to softwood lumber prices, which are 37.2% higher than in November 2019. “There has been some upward pressure on certain input prices in recent weeks, including energy prices,” said ABC Chief Economist Anirban Basu. “This is a natural outgrowth of a strong economic rebound from the earlier stages of the pandemic and efforts by a group of suppliers t

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