Nonresidential PPI Exceeds Inputs for April

Associated General Contractors of America
May 13, 2019
COMMERCIAL, FABRICATION

The Producer Price Index for new nonresidential building construction, gathered by the Bureau of Labor Statistics, increased 1.4 percent in April, a 5.6 percent year-over-year increase. The score also suggests that contractors are narrowing the gap between increasing input costs and bid prices, according to analysis by Ken Simonson, chief economist, Associated General Contractors of America; the PPI for inputs to construction for April—excluding capital investment, labor and imports—increased one percent for the month of April.