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American Road & Transportation Builders Association Analysis of the Obama Administration's FY 2014 Budget Proposal for Transportation |
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Thursday, 11 April 2013 13:41 |
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April 10, 2013
For months, President Obama has been talking about the importance of increased transportation investment, both to support the economic recovery and to strengthen the long-term outlook for the U.S. economy. The FY 2014 budget proposal for the federal government submitted by the administration to Congress on April 10 puts flesh to the rhetoric by proposing substantial funding increases for federal transportation investment in FY 2014 and beyond.
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FMI Construction Report Shows Improvement |
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Tuesday, 09 April 2013 11:15 |
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FMI, the largest provider of management consulting and investment banking to the engineering and construction industry, released its Q1-2013 Construction Outlook. Although the strength of individual markets is shifting, the forecast for total construction-put-in-place for 2013 continues to show an increase of 8 percent over 2012 levels. The $918,897 million estimate is a solid improvement, but FMI does not expect to return to the days of annual construction above the trillion-dollar mark until 2015.
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Equipment, Software Investment to Grow 5.6 Percent |
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Tuesday, 09 April 2013 11:15 |
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Investment in equipment and software is expected to grow 5.6 percent in 2013, according to the Q2 update to the 2013 Equipment Leasing & Finance U.S. Economic Outlook released by the Equipment Leasing & Finance Foundation. The Foundation increased its 2013 equipment and software investment forecast to 5.6 percent, up from 2.9 percent growth forecast in its 2013 Annual Outlook released in December 2012. The report, which is focused on the $725 billion equipment leasing and finance industry, forecasts equipment investment and capital spending in the United States and evaluates the effects of various related and external factors in play currently and into the foreseeable future.
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Marginal Growth Predicted for Global Construction Equipment Industry |
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Tuesday, 09 April 2013 11:14 |
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Sales of construction equipment by the world’s 50 largest manufacturers grew just 2.6 percent last year to $186 billion, according KHL Group’s annual Yellow Table survey. This was a record for the industry, but the low growth rate was indicative of weak conditions in 2012. The Yellow Table, which is a ranking of the world’s 50 largest construction equipment manufacturers, saw relatively few changes at the top of the table, with the industry’s long-standing no. 1 and no. 2, U.S.-based Caterpillar and Japan’s Komatsu, continuing to hold the positions they have had for well over a decade.
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Dodge Momentum Index Jumps Again in March |
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Tuesday, 09 April 2013 11:14 |
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The Dodge Momentum Index rose 5.9 percent in March, according to McGraw-Hill Construction, a division of The McGraw-Hill Companies. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.
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