Economists Make 2020 Construction Predictions

Economists Make 2020 Construction Predictions

Construction economists are not sugarcoating their outlook on the industry in 2020. “Total growth in nonresidential construction spending, as reported by the Census Bureau’s monthly ‘value put in place’ series, will be close to the 2.2 percent increase recorded year-to-date for the first 10 months of 2019 compared to January-October 2018,” he said. “The best-performing segments in 2020 are likely to include highway and street construction, transportation facilities — airports, transit, ports and railroads — and power and energy — solar and wind, possibly including offshore wind, and pipelines.” After decelerating over the course of 2019, the U.S. economy appears poised to soften further in 2020, ELFF reports in its 2020 Equipment Leasing & Finance U.S. Economic Outlook.

https://www.constructionequipmentguide.com/economists-make-2020-construction-predictions/46986

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