Construction executives predict continued growth through early 1997.MURRAY HILL Murray Hill may refer to one of the following places:
Current conditions reflect busy production schedules, but below-normal employment, 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. 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). survey of 200 construction executives Construction executives expect a modest upturn in their industry through February February: see month. , according to The Dun & Bradstreet Corporation's November survey of 200 construction executives nationwide. Construction firms also reported in November that current order books are strong, but noted that employment levels were below seasonal norms for the third consecutive month. "Overall, the construction industry sees nothing on the near-term horizon to interrupt A signal that gets the attention of the CPU and is usually generated when I/O is required. For example, hardware interrupts are generated when a key is pressed or when the mouse is moved. Software interrupts are generated by a program requiring disk input or output. continued moderate expansion," commented Joseph W. Duncan, chief economic advisor to The Dun & Bradstreet Corporation. "Although growth probably won't match the strong pace of 1996, builders expect a combination of very low interest rates and high general employment to help sustain the industry's expansion through the coming months." Construction Firms Look for Moderate Upturn During Coming Three Months Construction executives are optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op that their production schedules will improve through February. The Order Books Index for the coming three months increased 6 points to 12, and the Employment Index rose 10 points to 13. The Prices Index gained three points to 18. "Many construction executives are encouraged by the near-term outlook and predict at least a moderate upturn in their production schedules," noted Duncan. "However, this optimism has not yet translated into increased capacity in the industry. A significant minority of firms report employment levels below seasonal norms, although many plan to hire during the coming 90 days." Despite Strong Current Order Books, Employment Remains Below Normal Current conditions in the construction industry are mixed, according to the November survey. The Order Books Index measuring current conditions dropped three points to 12, reflecting fairly strong building schedules. However, the Employment Index was unchanged at minus 15. The Prices Index dropped two points to 17. The Dun & Bradstreet Corporation The Dun & Bradstreet Corporation consists of Dun & Bradstreet (D&B), the leading provider of commercial credit and business marketing information, and receivables Receivables An asset designation applicable to all debts, unsettled transactions or other monetary obligations owed to a company by its debtors or customers. Receivables are recorded by a company's accountants and reported on the balance sheet, and they and include all debts owed management services; Moody's Investors Service Moody's Investors Service A leading global credit rating, research and risk analysis firm. Moody's Investors Service A leading firm engaged in credit rating, risk analysis, and research of fixed-income securities and their issuers. , the leading debt rating agency and a major publisher of financial information for investors; and Reuben H. Donnelley, the largest independent marketer of Yellow Pages advertising in the U.S. The corporation, headquartered in Murray Hill, N.J., employs 16,000 people in 40 countries, and is expected to have 1996 annual revenue exceeding $2 billion. (See attached tabular tab·u·lar adj. 1. Having a plane surface; flat. 2. Organized as a table or list. 3. Calculated by means of a table. tabular resembling a table. data) -0-
THE DUN & BRADSTREET MONTHLY CONSTRUCTION SURVEY
Nov. Sept. Oct. Nov.
1995 1996 1996 1996
Three Month Expectation Indexes
Order Books -2 24 6 12
Employment 5 8 3 13
Prices 11 12 15 18
Current Conditions Indexes
Order Books 5 13 15 12
Employment -7 -18 -15 -15
Prices 18 16 19 17
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 new orders, employment and prices from the percentage expecting an increase. Source: Economic Analysis Department The Dun & Bradstreet Corporation CONTACT: Neil DiBernardo 908.665.5505 dibernaron@mail.dnb.com |
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