The forecast downgrade is very small for the heavy construction sector because much of the funding for 2011-12 work has already been committed from trust funds, bond issues and long-term private facility projects for site development, utilities and power generation. A small share of expected funding will be lost or delayed but this will be largely offset by a small scale new stimulus program to boost employment.
U.S. Non-building (Heavy Engineering) Construction | |||||||
| Monthly Figures* (latest actual values) |
Annual Figures | ||||||
| Actual | Forecast | ||||||
| May-11 | Jun-11 | 2009 | 2010 | 2011 | 2012 | 2013 | |
| Transportation (% change is period versus same period, previous year) |
35.318 | 35.493 | 38.090 | 39.659 | 36.466 | 37.900 | 42.15 |
| -13.2% | -11.4% | 7.4% | 4.1% | -8.0% | 3.9% | 11.2% | |
| Communication | 17.699 | 18.389 | 19.711 | 17.983 | 18.126 | 19.425 | 21.663 |
| -3.4% | 3.7% | -25.7% | -8.8% | 0.8% | 7.2% | 11.5% | |
| Power | 84.890 | 87.548 | 88.627 | 82.110 | 84.800 | 83.125 | 82.275 |
| 16.7% | 18.3% | 10.2% | -7.4% | 3.3% | -2.0% | -1.0% | |
| Highway | 75.807 | 74.594 | 81.578 | 82.523 | 76.860 | 82.375 | 90.275 |
| -5.7% | -9.1% | 1.0% | 1.2% | -6.9% | 7.2% | 9.6% | |
| Water and Sewer | 37.263 | 37.721 | 40.106 | 40.782 | 37.966 | 40.575 | 45.600 |
| -7.7% | -9.3% | 91.0% | 1.7% | -6.9% | 6.9% | 12.4% | |
| Conservation & Development | 7.341 | 6.856 | 5.633 | 6.752 | 7.102 | 7.445 | 7.950 |
| 11.3% | -12.0% | 7.4% | 19.9% | 5.2% | 4.8% | 6.8% | |
| Total | 258.318 | 260.601 | 273.745 | 269.8083 | 261.320 | 270.845 | 289.913 |
| 1.4% | 3.5% | 1.0% | -1.4% | -3.1% | 3.6% | 7.0% | |
* Monthly figures are seasonally adjusted at annual rates (SAAR figures). | |||||||
