May 4 — Ken Simonson, chief economist for the Associated General Contractors of America issued the following analysis of today's Census Bureau data on nonresidential construction spending: “The increase in nonresidential construction spending for March reported today by the Census Bureau is a reminder that construction is often a lagging indicator of economic activity. Increases in manufacturing construction are being propelled by huge refinery and steel-mill projects that were begun well-before the economic downturn. These large projects are eclipsing broader negative trends. However, as they are completed or scaled back in the coming months, we will get a fuller picture … Read more
AGC Economist Predicts Nonresidential Construction Spending Will Continue To Dip Before Recovery
Filed under: Economic News, News



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