ABC Announces an Increase in the Construction Backlog Indicator in March 2019

May 22, 2019 | Comments Off on ABC Announces an Increase in the Construction Backlog Indicator in March 2019

The Associated Builders and Contractors says an increase in the monthly backlog indicator of 8.8% in March 2019. According to the report the nonresidential construction spending activity lags the overall performance of the U.S. economy by 12-18 months. In first quarter more number of construction projects appeared to be greenlighted that translated into meaningful increase in construction backlog.

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