ABC’s Construction Backlog Indicator Slips in Sept.
Source: Associated Builders and Contractors Associated Builders and Contractors reported that its Construction Backlog Indicator fell to 8.9 months in September 2019, down 0.1 months or 0.8 percent 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 […]
ABC’s Construction Backlog Rebounds in Aug.
Source: Associated Builders and Contractors Associated Builders and Contractors reported that its Construction Backlog Indicator climbed to nine months in August 2019, up 0.5 months or 5.4 percent from July 2019, when CBI stood at 8.5 months. “Despite some other leading indicators suggesting weakening in nonresidential construction spending, our most recent backlog readings show that […]