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2023 industry recession to be deeper than first forecast

Construction Enquirer

this year after economists at the Construction Products Association sharply downgraded forecasts for the second time. Falling private new housing combined with recent government delays to major infrastructure projects has prompted the spring forecast downgrade from a previously forecast 4.7% fall in output. in 2023 and 1.2%

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The Economist's Outlook for 2020

Construction Business Owner

The Economist's Outlook for 2020. Wed, 01/15/2020 - 16:32. As we embark upon the new year and head together into economic uncertainty, CBO is here to help clear the air with a summary of three major economic forecasts from construction’s top industry analysts. Rachel Fulford.

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The Market Trends Driving the Transportation Industry in 2021

Construction Business Owner

The Market Trends Driving the Transportation Industry in 2021. As the turbulent economy of 2020 enters its final stretch, businesses are experiencing uneven patterns of equipment investment demand depending on which market sectors they serve. Elizabeth Manning. Fri, 02/12/2021 - 07:19.

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At World of Concrete 2020, PCA Economic Forecast Sees Continued Growth

ENR Construction

Alongside swarms of contractors and other industry professionals pouring in to see the latest in concrete equipment, tools and products at the annual World of Concrete trade show in Las Vegas, the Portland Cement Association released a relatively rosy economic forecast for 2020 into 2021.

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ARA Forecasts 2021 Rental, Const. Revenue

Construction Equipment

The American Rental Association (ARA) is forecasting a 13 percent decline in equipment and event rental revenue this year compared to 2019, dropping to $48.7 Construction and industrial rental revenue also is forecast to finish 2020 with a significant hit in revenue,… billion in the United States.

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What eight leading economists predict for nonresidential construction in 2020 and 2021

BD+C

Following modest increases in construction spending for nonresidential buildings in 2019, economists from eight leading industry organizations forecast slight growth in 2020 and 2021—1.5% and 0.9%, according to AIA's latest Consensus Construction Forecast panel.

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Assuredness in Today’s Global Surety Market

Construction Business Owner

Like the construction industry, the surety market was healthy prior to the pandemic. Mon, 09/27/2021 - 08:00.