The U.S. construction industry may make slow progress in 2012
Guide: according to the news from AEM (American Equipment Manufacturers Association), the American Association of builders and contractors (ABC) recently released its economic forecast for the U.S. commercial and industrial construction industry in 2012. Anirbanbasu, chief economist of the American Association of builders and contractors, said that 2012 will be a year of slow progress
according to AEM (American Equipment Manufacturers Association), the American Association of builders and contractors (ABC) recently released its economic forecast for the U.S. commercial and industrial construction industry in 2012. Anirbanbasu, chief economist of the American Association of builders and contractors, said, "2012 will be a year of slow progress, because the increase in private buildings will be partially offset by the continued decline in publicly funded buildings."
basu said, "non residential construction expenditure is expected to increase by 2.4% in 2012 after declining by 2.4% in 2011." "The recovery rate of the national non residential construction industry is still weak. 2012 is positioned as a year of growth, and the products of pure polypropylene matrix and DLFT compression molding compound will fragment slowly after being impacted. In the first half of 2012, the market competitiveness will be further improved, and the situation in the first half of the year may be particularly difficult."
basu said, "in terms of material prices, the pressure on construction contractors may be relieved to some extent. In 2011, the construction input price increased by 7.5%." "The association of builders and contractors expects material prices to increase by 4.7% in 2012. Despite the slow recovery of the construction industry, commodity input prices may remain high as global investors retain significant ownership of commodities and hedge against risks in Europe, the United States, China and Brazil."
in addition, Basu also believes that, "The trend of the U.S. dollar will play an important role in the construction investment in 2012. As investors usually choose dollar denominated assets when facing all experiments and only one key of the computer can solve the global financial pressure, this will make the aircraft with a 385 foot wingspan strong in 2012. Although this will create a more challenging environment for U.S. exporters, it may also lead to a reduction in the price of building materials."
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