Index: Nonresidential construction has stabilized

08/28/2009 | American City Business Journals

The nonresidential construction industry may have hit bottom, according to FMI's Nonresidential Construction Index report for the third quarter. However, experts say the index's third-quarter results do not shed light on when the economic downturn will end. The survey of executives in the nonresidential construction industry produced an index score of 44.8 on a 100-point scale, where a score below 50 indicates contraction.

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