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Title
NONRESIDENTIAL CONSTRUCTION SECTOR JOINS SLIDING MARKET.
Abstract
The article reports on the decrease in the fourth-quarter 2008 FMI Nonresidential Construction Index (NRCI) in the U.S. since the third quarter. It states that there is likewise an expectation of the declines in municipal construction budgets as a result of financing problems and lower tax receipts for 2009. According to NRCI, most of its panelists reported that the whole economy in the last quarter of 2008 is weaker than that in the previous quarter.