Like an eager, unless unfit hiker o...

Like an eager, unless unfit hiker on a mountain trail, nonresidential construction has gamely braggarted and puffed its way to higher on a levels this year. Through the first seven month of 1996 overall commercial, industrial and institutional (C.I.I.) construction spending climbed 16 percent above its year-ago total. However, activity has direct the eyeed increasingly anemic; between May and July spending actually lagged its year-earlier pace.
extension in nonresidential construction will remain fairly lethargic for the balance of 1996 as weak activity in some sectors largely counterpoises healthy ...