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October 23, 2019 | Comments Off on ABC Announces an Increase in the Construction Backlog Indicator in August 2019
The Associated Builders and Contractors reported an increase to nine months in August 2019, up 0.5 months or 5.4% from July 2019, when CBI stood at 8.5 months. According to the report the nonresidential construction spending activity lags and most recent backlog readings show that contractors are still experiencing significant demand for construction services.By contrast, backlog for those involved in heavy highway projects or other forms of infrastructure reached 10.4 months, an...
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