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15 May

US construction input prices rise, but steel declines

While overall US construction input prices rose in April, steel-related construction prices were down, Kallanish learns from the most recent analysis of the Bureau of Labor Statistics' (BLS) Producer Price Index (PPI) by Associated Builders and Contractors (ABC). “Construction input prices jumped half a percentage point higher in April and have increased 3.5% over the first four months of the year,” observes ABC chief economist Anirban Basu. &ldquo…
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