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Bankers provide insight on trends to watch in the construction industry

2 weeks 3 days ago
Recent reports show good news in the construction industry — spending was up across most nonresidential categories in April, even in the face of recession fears. Spending on nonresidential construction totaled $1.05 trillion in April on a seasonally adjusted basis, according to an Associated Builders and Contractors (ABC) analysis of data published by the U.S. Census Bureau on June 1. That’s up 1.9% from March and up 25.3% from April 2022. “Manufacturing-related construction spending growth…
Commerce Bank

GasBuddy warns prices at the pump could jump as much as $1 per gallon in a matter of days

2 weeks 3 days ago
St. Louis drivers should prepare for a price jump at the pump, according to two of the leading gas price trackers. Both AAA and GasBuddy are warning drivers in the St. Louis area of an impending price increase as summer comes to an end. GasBuddy said prices could "spike anywhere from 50 cents to $1 per gallon over the next several days." A press release from GasBuddy said trade sources told them the short-term spike may be due to a refinery outage, but said "there are few details on the particulars…
Sam Clancy