To help you understand what is going on as the economy rebounds and what we expect to happen in the future, our highly-experienced Kiplinger Letter team will keep you abreast of the latest developments and forecasts (Get a free issue of The Kiplinger Letter or subscribe). You'll get all the latest news first by subscribing, but we will publish many (but not all) of the forecasts a few days afterward online. Here’s the latest...
Construction forecast. One way to measure the impact of the recent federal infrastructure bill: construction backlogs. In June, they held steady at 8.9 months, the same as in May. This refers to projects contractors have booked but haven’t yet started. In June, the backlog of infrastructure projects increased for the third straight month. It’s at its highest level in two years, due partly to a big rise in clean-energy projects.
