Nonresidential construction engage...

Nonresidential construction engagement passes its peak

novel trends in construction labor hint a generally positive watch for construction spending in the month ahead. Overall construction use is heading up, while wage increases remain well below the overall rate of inflation.

For mostly types of construction, changes in spending generally tread in the steps of changes in employment very quickly. Turning points for nonresidential and heavy construction spending generally trail avocation by only one to sum of two units months (Chart 1).

service activity is picking up for