Contractors were only able to partially pass on the costs of rising petroleum and metals prices in April, according to an analysis of producer price index figures released Thursday by AGC.
Association officials said the resulting cost squeeze—a result of sluggish demand for construction—will push more construction employees and firms out of work unless public officials act promptly to encourage public and private investment.
Read AGC's press release here. The news was covered by Steel Markets Update and Banker & Tradesman.
For more information, contact Ken Simonson at simonsonk@agc.org.