Tag Archives: gross domestic product
GDP Growth a Positive Sign for Construction
The U.S. economy grew at an annual rate of 3 percent during the third quarter of 2017, according to Associated Builders and Contractors’ (ABC) analysis of gross domestic product (GDP) data. Nonresidential fixed investment, a category that ABC says is … Continue reading
What the New GDP Numbers Mean for Construction
Real gross domestic product (GDP) expanded 2.9 percent on a seasonally adjusted annualized rate during the third quarter of 2016, according to analysis of Bureau of Economic Analysis (BEA) data by Associated Builders and Contractors (ABC). This follows a 1.4-percent … Continue reading
Is Tepid GDP Growth a Sign For Future Construction Spending?
Real gross domestic product (GDP) grew at a notably low rate in the fourth quarter of 2015. GDP expanded by just 0.7 percent (seasonally adjusted annual rate) during the last three months of the year, according to analysis report of … Continue reading