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Construction confidence wanes as nation approaches fiscal cliff

from The American Surveyor

Associated Builders and Contractors released its newest construction industry economic measure, the Construction Confidence Index. The CCI is a diffusion index that reflects three aspects of the U.S. nonresidential construction industry — sales prospects, staffing levels and profit. During the second quarter of 2012, all three indices declined, undoing much of the first quarter's progress and indicating that nonresidential construction momentum is waning. However, index values remain above 50, indicating that construction spending is still poised to expand, just at a slower pace. more

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