From Name

From Email

To Name

To Email

Message

ABC: Construction output drops significantly due to COVID-19

from The American Surveyor

ABC: Construction output drops significantly due to COVID-19 The American Surveyor The U.S. economy contracted at an annualized rate of 32.9% during the second quarter of 2020, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Economic Analysis. Nonresidential and residential fixed investment contracted by 27.0 and 38.7%, respectively, while investment in nonresidential fixed structures contracted by 34.9%. Statistically, the decline in national output is attributable to multiple factors, including significant declines in personal consumption, exports and private inventory investment. READ MORE

more