Construction Spending - United States - November 2023

Source - USA Census Bureau

Source: https://www.nasdaq.com/articles/u.s.-construction-spending-climbs-slightly-less-than-expected-in-november?time=1704211055

I can add a bit more color:

1. Construction material costs continue to plague the cost of construction projects - https://www.recordpatriot.com/personal-finance/article/the-cost-of-these-5-construction-materials-grew-18584767.php
2. Manufacturing sector continues to face pressure - https://www.reuters.com/markets/us/us-construction-spending-rises-less-than-expected-november-2024-01-02/
3. Capital spending will either be scale back or targeted at the biggest bang for the buck! https://blog.nationwidefinancial.com/markets-economy/capital-market-impact/2024-market-and-economic/
4. Technology spending - https://www.canalys.com/resources/canalys-outlook-predictions-for-the-technology-industry-in-2024
5. Infrastructure gap - https://www.policycircle.org/opinion/climate-finance-sustainability-2/
6. Supply chain - https://www.tradersmagazine.com/tech-tuesday/tech-tuesday-2024-macro-outlook/
7. Green transition - https://www.infrastructureinvestor.com/adaptation-is-key-as-managers-face-challenges-head-on/
8. Oil and gas - https://www.offshore-energy.biz/energy-outlook-is-gas-and-lng-freeze-on-the-cards-in-2024/
9. Rare earths - https://investingnews.com/rare-earths-forecast/
10. ESG / Capital - https://www.finnewsnetwork.com.au/archives/finance_news_network447895.html

Paul Young CPA CGA

Paul is a former IBM Customer Success Manager that has deployed over 300 data and AI solutions across geographies and industries for the past 8 years.