Construction firms expect strong but slower growth through October 1996.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)--Aug. 21, 1996-- 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 Shows Very Healthy Order Books, Employment Levels and Selling Prices The U.S. construction industry expects growth in the sector to slow down but remain fairly strong through the end of October, 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 Corporation's July survey of 200 construction executives. Despite their expectations for more moderate growth in the coming months, construction executives say their current order books, employment levels and selling prices remain at peak levels for 1996. "Construction executives enjoyed very strong order books during recent months, but many firms expect the industry to slow down as the general economy loses some of its momentum. This is reflected in the weaker outlook for production schedules," said Joseph W. Duncan, vice president and chief economist The Chief Economist is a single position job class having primary responsibility for the development, coordination, and production of economic and financial analysis. It is distinguished from the other economist positions by the broader scope of responsibility encompassing the for The Dun & Bradstreet Corporation. "The vast majority of firms expect to meet or exceed seasonally average production schedules. However, relatively few firms expect to create new jobs or add production capacity 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." Construction Executives Predict Growth Will Slow During Coming Three Months Construction executives are growing more conservative in their expectations for the coming three months. The Order Books Index for the coming three months fell 15 points to 35, which is about even with year-ago expectations for growth. The Employment Index also fell substantially, from 27 last month to 15 in the current survey. The Prices Index was unchanged at 20. Current Conditions In Construction Sector Remain Strong In spite of in opposition to all efforts of; in defiance or contempt of; notwithstanding. See also: Spite their more cautious outlook for the short- term future, construction firms report very strong current conditions. The Order Books Index measuring current conditions was unchanged at 16. The Employment Index gained eight points to 6, and the Prices Index declined two points to 20. The Dun & Bradstreet Corporation is the world's largest marketer of business information, software and services for business decision making, with worldwide revenue of $5.4 billion in 1995. (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) THE DUN & BRADSTREET MONTHLY CONSTRUCTION SURVEY July May June July 1995 1996 1996 1996 Three Month Expectation Indexes Order Books 38 48 50 35 Employment 17 28 27 15 Prices 16 26 20 20 Current Conditions Indexes Order Books 4 8 16 16 Employment -3 1 -2 6 Prices 25 25 22 20 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: Dun & Bradstreet Neil DiBernardo 203/834-4263 |
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