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Tag: GDP
Business
Slower growth but no recession near, predicts latest cement industry forecast
According to the Portland Cement Association, cement consumption in the U.S. is expected to grow through 2021 at a slow pace. More details on Equipment World.
October 29, 2019
Dealers
Strong construction market to continue with rising equipment sales, no recession, reports Wells Fargo
Wells Fargo is predicting another strong year for the heavy equipment and construction industries. Get more information on the report here on Equipment World.
March 1, 2019
Dealers
ARA reduces rental forecast but still expects steady 4-year growth
The slower growth is attributed to the ongoing trade war with China and fading stimulus benefits from the tax cuts signed by President Trump in 2017.
February 21, 2019
Business
Why an error in the Commerce Department’s construction spending calculation is actually good news
The Commerce Department has announced a revision to 10 years worth of construction spending estimates, correcting a calculation error that will likely lead to a boost in the GDP. “In the November 2015 press release, monthly and annual estimates… for January 2005 through October 2015 have been revised to correct a processing error in the tabulation of […]
January 5, 2016
Roadbuilding
Transportation construction investments generate $354 billion in annual U.S. economic activity
The money invested in employment and purchases in the transportation construction industry generates $354 billion–or 2.25 percent of the Gross Domestic Product (GDP)–annually in United States economic activity, according to an American Road & Transportation Builders Association (ARTBA) report. The report, “The U.S. Transportation Construction Industry Profile,” reveals that the annual GDP transportation construction employment […]
April 24, 2013
Home
FMI releases first-quarter 2012 Construction Outlook Report
FMI has released the first-quarter 2012 Construction Outlook Report. FMI’s forecast for total construction put in place in 2012 is a 5 percent increase compared to 2011, or $826.3 billion. The last time construction put in place was at this level was 2000-2001. Despite slow growth projections and rising gasoline prices, the GDP is still […]
May 22, 2012
Construction Equipment
Final Take
How infrastructure cuts hurt everybody By Tom Jackson  Washington D.C. is in a penny pinching mood, but continuing to starve the Highway Transportation Fund and other infrastructure funds is bad economics, as the chart above demonstrates. The United States spends less on infrastructure as a percentage of our GDP than any developed county in […]
November 1, 2011
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