Latest News in Fabrication Glass
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May 18, 2009The nation's industrial production fell in April by the smallest amount in six months, fresh evidence that the pace of the economy's decline is slowing.Output by U.S. factories, mines and utilities fell by 0.5 percent last month, after revised declines of 1.7 percent in March and 1 percent in February, the Federal Reserve said Friday. Analysts expected a drop of 0.6 percent in April.Still, the...
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May 12, 2009"Early reports indicate that the infrastructure portion of the stimulus is beginning to do exactly what was intended, put construction workers back on the job," says Ken Simonson, chief economist, AGC, Arlington, Va., after the U.S. Department of Labor issued its April 2009 employment report. While the report found continued job losses in the construction sector, Ken...
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May 8, 2009"You should be able to don a green collar, even if you don't wear a union hat," says AGC chief executive officer Stephen Sandherr as the U.S. Department of Labor gets ready to begin awarding new "green jobs" training grants. Unfortunately, the new federal grants are currently available only to union affiliated groups, according to a May 7 AGC report.
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May 6, 2009Construction spending increased 0.3 percent in March to a seasonally adjusted annual rate of $970 billion, the Census Bureau reported on Monday. The total was down 11 percent from March 2008. Private residential construction fell 4.1 percent for the month and 33 percent from a year earlier, private nonresidential rose 2.7 percent and 1.2 percent and public construction rose 1.1...
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May 6, 2009The chief economist for the Associated General Contractors of America, Arlington, Va., Ken Simonson, responded to new data released by the U.S. Census Bureau showing a surprise uptick in nonresidential construction spending this past March. Simonson explained that construction can be a lagging indicator and that much of the uptick was from a series of mega energy and...
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May 4, 2009Every day in recent weeks, federal and state agencies have announced new projects funded by the American Recovery and Reinvestment Act, the "stimulus" bill. The variety, speed and totals are impressive, given that the bill was signed less than three months ago.Unfortunately, stimulus funding is not enough to offset the continuing sharp downturn in private and state/local-funded...
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May 4, 2009Measures of U.S. manufacturing and consumer confidence last month unexpectedly jumped to their highest levels since the credit crisis intensified in September, indicating the economy is on the mend.The Institute for Supply Management’s factory index rose to 40.1 from 36.3 in March; readings less than 50 signal a contraction. The Reuters/University of Michigan final index of consumer...
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May 4, 2009Nonresidential to see moderating decline during rest of 2009Robert A. Murray, vice president of economic affairs for McGraw-Hill Construction, New York, said construction starts will continue to decline through the remainder of 2009, but at a slowing rate. Murray spoke during the presentation, The Construction Outlook: Implications for Architecture Firms, May 1 at the American Institute of...
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April 30, 2009State unemployment rates were nearly all higher in March, the Bureau of Labor Statistics reported on April 17, as 46 states recorded over-the-month unemployment rate increases, North Dakota and the District of Columbia registered decreases, and Georgia, New York and Rhode Island had no change. Over the year, jobless rates were up everywhere, according to an April 29 report from the Associated...
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April 30, 2009Real (net of inflation) gross domestic product tumbled 6.1 percent in the first quarter at a seasonally adjusted annual rate, following a 6.3 percent decline in the fourth quarter of 2008, the Bureau of Economic Analysis reported today. Real investment in "nonresidential structures decreased 44 percent, compared with a decrease of 9.4 percent. ... Real residential fixed investment...
What's Hot
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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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