AGC survey shows across the board expectations for decreased dollar volume of contracts completed in 2011. Nearly half of the respondents predict recovery in 2012 but the rest don’t see recovery coming until 2013 or beyond. See AGC’s Chief Economist complete “Construction & Materials Outlook” report.
AGC of America
Producer Price Indexes (PPI) and Consumer Price Index (CPI) report by AGC show disparity between increasing costs and decreasing bid prices, squeezing contractors’ margins. The details are contained in a report from AGC.
From AGC of America
The producer price index (PPI) for finished goods increased 0.8% in January and 3.6% over the past 12 months, the Bureau of Labor Statistics (BLS) reported on Wednesday. The PPI for inputs to construction industries—a weighted average of the cost of materials used in all types of construction, plus items consumed by contractors such as diesel fuel—rose 0.9% and 4.9%, respectively.