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11 Sep
18:19

US construction input prices rise in August

US construction input prices rose 0.6% in August, with non-residential inputs rising 0.3%, according to an analysis by the Associated Builders and Contractors (ABC) of the US Bureau of Labor Statistics’ Producer Price Index data, Kallanish reports. “Inflation has been coming in a bit hotter than anticipated, which gives contractors cause for concern,” says ABC chief economist Anirban Basu. Steel inputs to construction all saw a monthly decreas…
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