Construction Spending Slips in August

Total construction spending during August 2022 was estimated at a seasonally adjusted annual rate of $1,781.3 billion, 0.7% (±1.0%) below the revised July estimate of $1,793.5 billion. The August figure is 8.5% (±1.6%) above the August 2021 estimate of $1,641.6 billion, according to the The U.S. Census Bureau. During the first eight months of this year, construction spending amounted to $1,183.8…

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HITACHI ZX890LC-6 EXCAVATOR EXCELS IN THE QUARRY

Larger excavators are increasing in popularity as the focus turns to cost per ton. The 186,070- to 192,464-lb (84,400- to 87,300-kg) Hitachi ZX890LC-6 fills this need for a larger excavator to optimize production and offers the advanced technology you need to manage operations. Over the past decade, the typical size of excavators used in quarries has continued to grow as…

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Sullivan Speaks

Oct. 10, 2022 – Portland Cement Association Chief Economist Ed Sullivan noted in Denver at the ConcreteWorks show that housing market weakness will bring 2023 cement consumption down 3.5% from 2022 levels (trending +2.9% vs. 2021), followed by gains in the 1-3.5% range over the next three years. The Infrastructure Investment and Jobs Act will definitely help producers but not offset volume losses in…

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