FMI recently released its Nonresidential Construction Index (NRCI) report for the second quarter of 2011. The report indicates a continued increase in construction activity. The NRCI moved up 1.4 points to 58.7 for the second quarter, depite of adjustments made to accommodate the rising cost of materials, For the fifth quarter in a row, the Index has been slightly positive.
Nonresidential construction continues its slow recovery. The report cites an increase in consumer spending, rising material costs, skyrocketing gas prices, an increase in auto sales, and the impact of the Japanese disasters has had on the supply chain as impacts to the construction economy.
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