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Construction industry execs upbeat, survey finds

from Wells Fargo

Wells Fargo Equipment Finance surveys construction-industry executives twice each year. Almost 350 U.S.-based industry executives participated in the firm's end-of-summer survey. Responses confirm that the construction industry continues on a slow and mostly steady upward path. Fewer executives see a contraction of activity than in the previous year and the jump in the number of executives who see "much higher" activity levels is encouraging. Almost six in ten respondents (57.7%) said activity was "somewhat higher" or “much higher” than the year previous. In 2012, that percentage was 47.8%. In addition, 15.5% of respondents said construction activity is "somewhat lower" or "much lower" than a year ago. In 2012, that number was 18.4%. The trend is slow but unmistakable: Overall levels of local construction activity have been improving for each of the last three years. more

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