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09 Jul

US construction backlog ticks up in June

US construction sentiment continues to be stable in the face of numerous headwinds, Kallanish learns from the latest data compiled by Associated Builders and Contractors (ABC). “[The] backlog continues to hold up remarkably well despite high interest rates, inflation and emerging weakness in the broader economy," says ABC chief economist Anirban Basu. ABC's Backlog Indicator stood at 8.4 months in June, 0.1 month higher compared with the May repor…
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