HOUSTON (ICIS)–Rising prices for chemicals and
plastics used in construction are raising costs
in that sector, and more increases could arrive
later in the year.
The US Producer Price Index (PPI) for final
demand in construction rose by 0.6% from April
to May, according to the US Bureau of Labor
Statistics. That compares with 0.8% for the US
economy as a whole.
The Associated General Contractors of America
(AGC), a trade group that represents
contractors, conducted its own
analysis based in the PPI figures released