Construction executives expect continued growth; Optimism indicates that healthy industry conditions will continue.WILTON Wilton, town, United States Wilton, town (1990 pop. 15,989), Fairfield co., SW Conn.; settled c.1701, inc. 1802. It is a residential and agricultural town. Wilton, town, England Wilton, town (1991 pop. , Conn.--(BUSINESS WIRE)--March 15, 1995--Construction executives expect new orders and production levels in the construction industry to remain strong for the coming three months, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. The Dun & Bradstreet Brad·street , Anne Dudley 1612-1672. English-born colonial poet who wrote several collections of verse, including The Tenth Muse Lately Sprung Up in America (1650). Corporation's monthly survey of 200 construction executives. "The level of optimism expressed by construction executives indicates that the construction industry will probably grow modestly over the next few months," said Douglas Douglas, city, Isle of Man Douglas, city (1991 pop. 19,950), capital of the Isle of Man, Great Britain. It is a popular resort, connected by rail to Ramsey and Port Erin, on the Irish Sea. Tourism is the chief industry. P. Handler A software routine that performs a particular task. It often refers to a routine that "handles" an exception of some kind, such as an error, but it can refer to mainstream processes as well. The term is typically used in operating systems and other system software. , manager of econometric e·con·o·met·rics n. (used with a sing. verb) Application of mathematical and statistical techniques to economics in the study of problems, the analysis of data, and the development and testing of theories and models. analysis for Dun & Bradstreet. "Opportunities for profitable expansion still exist in the industry, but they're they're Contraction of they are. they're be more difficult to find than last year." The February February: see month. 1995 Order Books Index for the coming three months increased 2 points from January January: see month. 1995 to 49. "After accounting for seasonal adjustments that affect new orders and employment levels in the construction industry, executives intend to increase prices which is consistent with confidence about the near-term condition of the construction industry." The Dun & Bradstreet Construction Survey asks construction firms about current conditions and expectations for the coming three months for order books, employment and prices. The indexes are calculated by subtracting the percentage of respondents In the context of marketing research, a representative sample drawn from a larger population of people from whom information is collected and used to develop or confirm marketing strategy. expecting a decrease in order books, employment and prices from the percentage expecting increases. The February Employment Index for the coming three months decreased 3 points from January to 30, but the Employment Index describing current conditions dropped 7 points from January 1995 to (-9), and remains well above the year-ago level of -5. Construction executives reported that prices were only slightly lower in January 1995. However, the Prices Index for the coming three months increased 7 points from January 1995 and was well above its year-ago level for the February period. "Expectations for hiring are down somewhat which could mean that industry-wide employment levels are approaching their peak at this point in the business cycle," added Handler. The Orders Books Index for the past three months dropped 10 points from January 1995 to 5, but remains above its year-ago level of 3. The Dun & Bradstreet Corporation is the world's largest marketer of information, software and services for business decision making, with worldwide revenue of $4.9 billion in 1994. -0- DUN & BRADSTREET MONTHLY CONSTRUCTION SURVEY
Feb. 94 Dec. 94 Jan. 95 Feb. 95
Three Month Expectations Indexes Order Books 61 11 47 49 Employment 40 16 33 30 Prices 21 29 22 29 Current Conditions
Indexes
Order Books 3 28 15 5
Employment -5 7 -2 -9
Prices 24 24 24 22
-0-
The indexes are calculated by subtracting the percentage of
respondents expecting a decrease in new orders, employment and
prices from the percentage expecting an increase.
Source: Economic Analysis Department
The Dun & Bradstreet Corporation
CONTACT: The Dun & Bradstreet Corporation, Wilton Alfred Leach, 203/834-4274 |
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