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ABCâ�(TM)s Construction Backlog Indicator Slips in September

November 20, 2019 | Comments Off on ABCâ�(TM)s Construction Backlog Indicator Slips in September

WASHINGTON, Nov. 19—Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 8.9 months in September 2019, down 0.1 months or 0.8% from August 2019, when CBI stood at nine months. “Today’s backlog reading indicates that pre-existing trends will remain in place,” said ABC Chief Economist Anirban Basu. “In recent months, public construction spending has fueled industry spending growth, while private...

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