From the monthly archives: August 2011
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Tuesday, August 16, 2011 3:39 PM
Associated Builders and Contractors (ABC) today reports that its Construction Backlog Indicator (CBI) increased 10 percent in the second quarter of 2011 to an average of 8.1 months, up from 7.3 months the previous quarter. The CBI is 12 percent higher than one year ago. CBI is a forward-looking indicator that measures the amount of construction work under contract to be completed in the future.
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