Exact(2)
"What is particularly encouraging and bodes well for the sustainability of the construction upturn is that the purchasing managers survey indicates that the strength in activity and orders are widespread across sectors.
Soon construction for the 2008 Olympics will also kick in.Even so, Jonathan Anderson, UBS's chief Asia economist, says that he doubts a construction upturn could drive the annual growth of import volumes back to 35-40% and "make China once again the single largest growth driver of Asian (and global) trade and GDP".
Similar(57)
"An extremely strong across the board … survey for January provides highly compelling evidence that the construction sector's upturn remains intact at the start of 2014," he said.
"Because it is automated, we won't have to add a lot of employees with the upturn in the construction industry," Mr. Beuke said.
To the extent there was a pickup in the first half of the year, it came from light-truck sales, which reflected an upturn in housing construction and which have cooled as well in recent months.
The New York Times observes "The jobless rate remains far higher than it typically would be this far into a recovery," quoting a factory owner: "Because it is automated, we won't have to add a lot of employees with the upturn in the construction industry".
By 1880, however, the recovery was well underway, with new builds in New York returning to the pace of 1871, and the economic upturn making the construction of taller buildings an attractive financial option again, establishing many of the preconditions for the development of the skyscraper.
He argued that it was constraining a predicted upturn in housebuilding and construction.
However, he thinks that in the short-term economic uncertainty and volatility in the market will continue to push back any meaningful backlog upturn in the engineering and construction sector.
"The timing for any such transaction is near perfect into what looks like the beginnings of strong upturns in U.S. utility and construction markets," the analysts wrote.
"The timing for any such transaction is near perfect into what look like the beginnings of strong upturns in U.S. utility and construction markets," the analysts wrote.
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