Construction spending decline spreads to all markets
January 06, 2009 - Jim Haughey
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01/06/2009 - posted by Paul Keough
Is there any forecast for how proposed stimulus efforts on the part of the new administration will impact the water and wastewater industries?
Construction spending declined 0.6% in November from an October total revised up by 1.2%. Current spending is 3.3% below a year ago and projected to decline 5-6% more by the end of the summer, says Jim Haughey, chief economist for Reed Construction Data.