One of the best barometers of current business is the construction industry, and last week the construction barometer was still rising. The Departments of Commerce and Labor reported August construction at $3.6 billion, an alltime high, up 3% from July (the previous record month) and up a full 8% over August 1953. In the first eight months of 1954, construction totaled $23.7 billion, another alltime record, 4% above the comparable period last year. Construction is still going up on a solid foundation, e.g., private residences, highway building and public-utility improvements.
There were other hints last week of a continuing boom...
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