‘No Sign of a Construction Recession in the Near Term,’ Says ABC Chief Economist
September 22, 2023
The Associated Builders and Contractors’ Chief Economist Anirban Basu has struck an optimistic note about the near-term health of the construction industry. The assessment comes as ABC releases its latest Construction Backlog Indicator, which found that backlogs declined to 9.2 months in August from 9.3 months in July. The figure remains 0.5 months above the August 2022 level.
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