Latest News in Commercial Glass
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June 22, 2009The construction employment picture brightened slightly with 18 states adding construction jobs from April to May according to a new analysis of data released today by the Bureau of Labor Statistics. However, construction employment overall continued to decline, noted Ken Simonson, the chief economist for the Associated General Contractors of America."Projects funded by the stimulus...
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June 17, 2009The value of nonresidential construction starts jumped 16 percent in May (not seasonally adjusted) but was down 6.2 percent for the first five months of 2009 compared to the same period in 2008, Reed Construction Data reported on Thursday [June 11], based on its own compilation of starts. Chief Economist Jim Haughey commented, "However, May starts were 20 percent ...
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June 10, 2009Figures examined by Gimav, the association of Italian builders and suppliers of machinery, equipment and special products for glass processing, confirm that the industry is doing well: in 2008 exports and sales of Italian glass processing machinery rose by 2.47 percent and 2.11 percent respectively, building on the 2007 results, a record year for this special niche of Italian products,...
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June 3, 2009Ohio received an $88.2 million shot in the arm Tuesday when U.S. Labor Secretary Hilda Solis announced additional funds for unemployment benefits to help laid-off workers here.It is expected to be especially beneficial to the people who lost their jobs in the wake of bankruptcies by Chrysler LLC and General Motors Corp.“I see this as a beginning of a flicker of hope for the great residents...
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June 1, 2009In April, seasonally adjusted nonfarm payroll employment decreased in 44 states and the District of Columbia and rose in six states, the Bureau of Labor Statistics reported on May 22. Compared to April 2008, nonfarm employment decreased in 48 states and increased slightly in North Dakota, 0.6 percent; D.C., 0.1 percent; and North Dakota, less than 0.1 percent. according to a May 29 AGC report.
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May 27, 2009Construction expenditures in China are forecast to grow 8.1 percent annually in real terms through 2013, a deceleration from the 2003-2008 period, according to a May 27 Freedonia release. In the short term, construction activity will benefit from government spending packages designed to offset the effects of the global economic downturn. Stimulus measures include the construction of affordable...
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May 27, 2009More than 90 percent of economists predict the U.S. recession will end this year, although the recovery is likely to be bumpy.That assessment came from leading forecasters in a survey by the National Association for Business Economics to be released Wednesday. It is generally in line with the outlook from Federal Reserve Chairman Ben Bernanke and his colleagues.About 74 percent of the forecasters...
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April 22, 2009"New construction starts increased 5 percent in March," seasonally adjusted, McGraw-Hill Construction reported today, based on its own data compilation. However, for the first quarter of 2009 compared to the same months of 2008, total starts tumbled 40 percent. "The improved level of contracting relative to February was due to a strong increase for public works construction,...
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April 14, 2009The value of nonresidential building starts plunged 23 percent in March, while civil works starts jumped 15 percent, Reed Construction Data reported [April 9], based on data it compiled. Comparing the first quarters of 2009 and 2008, building starts fell 8 percent in value but 18 percent in square footage. The value of the largest building category, schools/colleges, was unchanged, but...
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April 6, 2009Nonfarm payroll employment continued to decline sharply in March (-663,000, seasonally adjusted), bringing the 12-month decline to 4.8 million (-3.5 percent), the Bureau of Labor Statistics reported on Friday. The unemployment rate rose to 9 percent, not seasonally adjusted (8.5 percent, seasonally adjusted), from 5.2 percent a year ago. Construction remained in the vanguard, with job losses of...
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Viracon, Inc. officials announced that the glass fabricator will make an investment of more than $30 million at its Owatonna, Minn., facility, to install a new coater. The company decided to install the new coating technology in Minnesota because the Owatonna facility is centrally located and has the most extensive product capabilities and technical talent, according to a release....
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Officials of PPG Industries announced several executive appointments, February 21, that are effective immediately.Michael McGarry, PPG executive vice president, has assumed leadership responsibility for the company’s flat glass businesses. He will also lead PPG's architectural coatings businesses in the Americas and Asia Pacific, as well as the Europe, Middle East and Africa (EMEA) region....
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As the prognosis for the design and construction industry continues to improve, the Architecture Billings Index is reflecting its strongest growth since November 2007, according to the American Institute of Architects. The January ABI score was 54.2, up sharply from a mark of 51.2 in December.“We have been pointing in this direction for the last several months, but this is the strongest...
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