Outlook for construction equipment dims, S&P says
Sep 29, 2008 | 08:45 AM
| Corinna Petry
Robust conditions over the past few years for the global construction equipment market appear to be softening, according to a research report by Standard & Poor's (S&P), the New York-based ratings service.
"Weak economies in North America and Europe and slower growth in some emerging market economies will hamper demand for construction equipment," S&P analyst Dan Picciotto wrote.
For the United States, the outlook for construction spending is gloomy, he said, citing S&P chief economist David Wyss, whose forecast estimates real nonresidential construction to drop more than 10 percent through 2010, while residential construction likely will shrink an additional 8 percent in 2009 and is not likely to bounce back before 2010.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.