Oct

31

ABC Analysis Shows Increased GDP Growth Despite Reduction in Nonresident Investment

October 31, 2019 | Comments Off on ABC Analysis Shows Increased GDP Growth Despite Reduction in Nonresident Investment

Associated Builders and Contractors publishes its analysis on national nonresidential construction spending. The report shows 1.9% increase in the third quarter of 2019 despite contracting levels of nonresidential investment. Nonresidential fixed investment declined at a 3% annual rate in the third quarter after declining at a 1% rate in the second quarter. The annual rate for nonresidential fixed investment in structures, a component closely tied to construction, declined 15.3% in the...

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