Tuesday, April 1, 2014
Years ago, sales in the reprographics industry tracked non-residential spending. That true today? Perhaps somewhat, but, certainly, not as closely as used to be the case.
From my favorite economics blog…..
By Bill McBride of calculatedriskblog.com, TUESDAY, APRIL 01, 2014
The Census Bureau reported that overall construction spending increased in February.
- Private residential spending is 47% below the peak in early 2006, and up 58% from the post-bubble low.
- Non-residential spending is 23% below the peak in January 2008, and up about 42% from the recent low.
- Public construction spending is now 18% below the peak in March 2009 and up less than 1% from the recent low.
Read the full article at this link:
Posted by Joel Salus at 10:56 AM