"Strong consumer spending for August, and the strong construction spending now, really tell us that outside of home building there is plenty of demand in the economy".
December 3, 2013 Updated at 10.13am GMT 10.07am GMT Shaun Richards (@notayesmansecon) The UK construction industry is seeing a much needed boom as the November #PMI hits a 6 year high of 62.6 #GBP December 3, 2013 Updated at 10.07am GMT 10.06am GMT The pound has jumped half a cent against the US dollar on the back of the strong construction data, hitting $1.641.
"Having a strong construction industry watchdog, the ABCC, we know – this is not theory – when it was in place, until Labor abolished it, there was a significant increase in productivity," Turnbull said.
"Low interest rates and government stimulus are evidently driving a very strong construction recovery, which should continue through this year, helping support GDP growth," he said.
In architectural circles, the city's old firehouses have a reputation for strong construction.
Strong construction joints are critical in building a structure that will withstand the shear loading of an earthquake.
Over the past five years, Montreal has experienced a renaissance, led by strong construction, tourism and retail business and four successful universities.
China continued to be a big area of strength, and Indonesia, which is benefiting from high coal prices and strong construction growth, also contributed to Caterpillar's gains.
Tamco, a company in nearby Rancho Cucamonga that recycles scrap metal into reinforcing bars for concrete, has benefited from strong construction activity.
"The current strong construction market has allowed some companies to come in and get work that shouldn't have been building schools," Louis J. Coletti, chairman of the Building Trades Employers Associationn, said recently.
