The Outlook is released every quarter and offers comprehensive construction forecasts for a broad range of market segments and geographies in the U.S. and Canada as well as information on key market drivers.
Key highlights from 2019 Q2 report include:
- Total engineering and construction spending for the U.S. is forecast to end up 1 percent in 2019, compared to up 4 percent in 2018.
- Only one segment in Canada saw change through the second half of 2019: Highway and street was upgraded from down to stable.
- U.S. spending growth in 2019 is expected to be led by public investment across both nonresidential buildings and nonresidential structures. Current top-performing segments forecast in 2019 include conservation and development (+9 percent), transportation (+8 percent), water supply (+8 percent), public safety (+7 percent), office (+6 percent), and highway and street (+6 percent).
- Only one U.S. segment, sewage and waste disposal, was upgraded into our growth category through the second half of 2019. Conversely, educational and manufacturing have both been downgraded from growth to stable.
Read more in this edition of the North American Construction Outlook
Contact the author of the Outlook, Jay Bowman, to learn more.
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