Construction Industry Continues to Face High PPI Inflation

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According to the U.S. Bureau of Labor Statistics’ latest release of the Producer Price Index for June, the PPI for final demand experienced a modest increase of .1%, after a decline of .4% in May. This upturn can be primarily attributed to a consistent .2% increase in the index for final demand services, mirroring the previous month’s trend, while prices for final demand goods remained steady. Over the 12-month period ending in June, the unadjusted index for final demand showed a modest advancement of .1%. In June, the index for final demand less foods, energy and trade services saw a … Read more

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ABC: Monthly Construction Input Prices Unchanged in June

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Construction input prices remained unchanged in June compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics Producer Price Index data released. Nonresidential construction input prices were also unchanged for the month. Overall construction input prices are 4.9% lower than a year ago, while nonresidential construction input prices are 4.5% lower. Prices decreased in all three energy subcategories in June. Crude petroleum prices were down 5.9%, while natural gas prices fell 5.3%. Unprocessed energy materials prices decreased 5% for the month.

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Monthly Construction Input Prices Decrease, Says ABC

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Construction input prices fell .6% in May 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. Nonresidential construction input prices declined .5% for the month. Overall construction input prices are 3.7% lower than a year ago. Nonresidential construction input prices are 3.4% lower. Prices declined in all three energy subcategories. Crude petroleum prices were down 10.2% in May, while unprocessed energy materials were down 7.8%. Natural gas prices fell 2% for the month. “The headline numbers suggest broad-based deflation in construction materials prices,” said ABC … Read more

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Practice Ladder Safety All Year Long

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According to the U.S. Bureau of Labor Statistics, ladder deaths accounted for 161 on-the-job fatalities in 2020, the most recent year for which statistics are available. That same year, there were 22,710 ladder-related workplace injuries, an injury stat that has remained relatively constant over the previous several years. The American Ladder Institute recently marked National Ladder Safety Month, spreading the word about safe ladder practices, training opportunities and more. Because safety never takes a break, now is the time to take the lessons learned in March and carry them forward all year long. By continuing to follow ladder safety practices … Read more

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Construction Vehicle Safety Devices Must Be Fit for Purpose Says Tech Specialist

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Following the publication of a report indicating there were over 1,000 fatal injuries in the construction industry during 2020 – hundreds of which came from transportation-related incidents – Brigade Electronics is calling on the industry to ensure commercial vehicle safety devices are fit for purpose. The report, released by the U.S. Bureau of Labor Statistics, found that workers in demanding industries, such as construction and extraction, transportation and material moving accounted for nearly half of the 4,764 fatal occupational injuries. Due to the size of construction vehicles and machinery, visibility can be limited for operators. Complex blind spots combined with … Read more

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