Ohio Major-Metro Construction Activity Experienced a Decrease of (-10.8%) in Year-Over-Year Analysis, BidClerk Data Finds

Public Construction Decreased (-6.5%) and Private Construction Decreased (-20.9%) Compared to the Same Period Last Year.

CHICAGO--(BUSINESS WIRE)--For major-metro regions in Ohio, including Akron, OH; Cincinnati-Middletown, OH-KY-IN; Cleveland-Elyria-Mentor, OH; Columbus, OH; Dayton, OH; Toledo, OH; and Youngstown-Warren-Boardman, OH-PA, the BidClerk Construction Index™ (BCI) 4^th quarter 2012 report revealed that there was a continuing decline in construction projects that were actively bidding. The decline was evident in both private and public construction activity.

Overall construction activity that was actively bidding experienced a decrease of (-10.8%) compared to one year ago. Private construction activity dropped (-20.9%) compared to a (-5.8%) drop reported by the BCI in the 3^rd quarter of 2012. Public construction dropped (-6.5%), compounding a (-14.6%) decline reported by the BCI in the previous quarter.

For all construction projects that were actively bidding, BCI’s quarter-over-quarter analysis of the major-metro regions in Ohio reported a decrease of (-25.1%). Fourth quarter 2012 private projects experienced a decrease of (-28.6%), compared to a 3^rd quarter drop of (-6.1%). BCI’s quarter-over-quarter analysis also showed that public projects decreased (-23.8%) compared to the third quarter of 2012.

In BCI’s year-over-year analysis, combined public and private construction projects that were actively bidding in the Cleveland region increased 29.7%, reversing a decrease of (-5.0%) reported in the 3^rd quarter of 2012. A BCI quarter-over-quarter analysis revealed a slight increase of 4.7% for overall construction activity in the Cleveland region.

In a year-over-year analysis for the Cincinnati region, combined public and private construction projects that were actively bidding decreased (-15.1%) compared to one year ago, as shown by the BCI. BCI’s quarter-over-quarter analysis revealed that combined private and public construction projects in the Cincinnati region experienced a decline of (-23.3%).

In a year-over-year analysis for the Columbus region, combined public and private construction projects that were actively bidding declined (-28.6%) compared to one year ago. BCI’s quarter-over-quarter analysis revealed that combined private and public construction projects that were actively bidding in the Columbus region experienced a steep decrease of (-37.2%).

Today’s new construction project data was released by BidClerk, a leading provider of construction project data and marketing tools for building product manufacturers, contractors, and distributors. The BidClerk Construction Index is a quarterly data service offered at no cost to media outlets that cover regional construction news. Members of the media may request custom BidClerk Construction Index reports for specific counties, regions, and states by contacting BidClerk: [e-mail].

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