Construction executives temper optimism for production schedules through August.MURRAY HILL Murray Hill may refer to one of the following places:
Current Conditions Show Declines in Order Books and Employment Levels, 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. Nationwide Survey of 200 Construction Executives Construction firms expect a marked drop in demand, but sustained growth in employment levels and steady selling prices according to 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 May survey of 200 construction executives. Executives surveyed also reported that current selling prices continue to exceed spring seasonal norms. However, order books showed a significant decline and employment remains well below average for the season. "Construction executives saw order books dip slightly below seasonal norms in May, and they expect significantly slower growth in production schedules during the coming quarter," commented Joseph W. Duncan Duncan, city (1990 pop. 21,732), seat of Stephens co., SW Okla., in an oil, farm, and cattle area; inc. 1892. There is an oil industry, and electronics, concrete, and apparel are manufactured. During the late 19th cent. , chief economic advisor to the Dun & Bradstreet Corporation. "However, there are still real signs of strength in the sector. Selling prices remain quite strong, and many firms continue to plan to raise prices and bring on new employees." Construction Executives Predict Continued Growth Through August Construction executives predict their industry will show moderately slower growth in the foreseeable fore·see tr.v. fore·saw , fore·seen , fore·see·ing, fore·sees To see or know beforehand: foresaw the rapid increase in unemployment. future. The Order Books Index for the coming three months declined sharply from 53 to 40. The Employment Index slid two points to 28, and the Prices Index dipped from 20 to 18. Current Conditions Characterized char·ac·ter·ize tr.v. character·ized, character·iz·ing, character·iz·es 1. To describe the qualities or peculiarities of: characterized the warden as ruthless. 2. by Moderate Growth Current conditions in the construction industry reflect weakening weak·en tr. & intr.v. weak·ened, weak·en·ing, weak·ens To make or become weak or weaker. weak  en·er n. order books and employment levels, but continued steady prices. The
Order Books Index measuring current conditions dropped sharply from 10
to minus 2. The Employment Index fell by four points to minus 18, while
the Prices Index increased from 24 points to 27.
The Dun & Bradstreet Corporation The Dun & Bradstreet Corporation consists of Dun & Bradstreet (D&B), the leading provider of commercial credit, business marketing and purchasing 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 Moody's Corporation (NYSE: MCO) is the holding company for Moody's Investors Service which performs financial research and analysis on commercial and government entities. The company also ranks the credit-worthiness of borrowers using a standardized ratings scale. Institutional Services, 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 37 countries, and reported 1996 revenue of more than $2 billion. -0-
THE DUN & BRADSTREET MONTHLY CONSTRUCTION SURVEY
May. Mar. Apr. May.
1996 1997 1997 1997
Three Month Expectation Indexes
Order Books 48 50 53 40
Employment 28 35 30 28
Prices 26 20 20 18
Current Conditions Indexes
Order Books 8 10 10 -2
Employment 1 -16 -14 -18
Prices 25 18 24 27
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. CONTACT: Neil DiBernardo 908.665.5505 dibernardon@main.dnb.com |
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