Tag: Real gross domestic product

  • ABC: Nonresidential Economic Performance “a Tale of Two Sectors”

    Improved performance of the U.S. economy during the third quarter of 2016 gave way to a weaker period of growth in the fourth, according to analysis of U.S. Bureau of Economic Analysis data by Associated Builders and Contractors (ABC). Real gross domestic product (GDP) expanded 1.9 percent on a seasonally adjusted annualized rate during the…

  • What the New GDP Numbers Mean for Construction

    Real gross domestic product (GDP) expanded 2.9 percent on a seasonally adjusted annualized rate during the third quarter of 2016, according to analysis of Bureau of Economic Analysis (BEA) data by Associated Builders and Contractors (ABC). This follows a 1.4-percent increase during the second quarter and represents the tenth consecutive quarter of economic expansion.