According to Business Insider, the most recent Beige Book issued by the Federal Reserve reported that economic activity continued to expand in 2014. While the overall outlook is positive for future economic growth in the U.S., manufacturing growth realized consistent expansion in October and November, but the pace of growth in real estate and construction was less consistent and varied by sector and federal district. Per the Beige Book:
“Manufacturers of household appliances and construction building materials reported an increase in shipments, and were encouraged that the improving labor market would continue to translate into stronger housing demand.”
According to The Guardian, the UK manufacturing industry is growing as the year comes to a close. Good news overall, but the construction industry’s current growth is at the slowest pace it’s been all year.
While optimism persists, some numbers signal an uneasy outlook for the 2015 building material manufacturing sector. Whether your outlook is positive, or less so, in 2015, here are some additional resources on what’s happening in this industry vertical:
Manufacturing Construction Rebounded in November
Chad Moutray, chief economist at the National Association of Manufacturers reported that an uptick in investments “bodes well for the manufacturing sector, suggesting that business leaders have enough confidence in their outlook to warrant additional construction investment.”
UK Manufacturing Boost Ahead of Chancellor’s Autumn Statement
Katie Allen of The Guardian reported in early December that “Britain’s manufacturers enjoyed faster growth last month in a boost to Chancellor George Osborne as he prepares to present his autumn statement on Wednesday.” Allen gives an in-depth look in this article on the current and future states of the UK manufacturing industry.
Construction Industry to See More Balanced Growth in 2015
Dodge Data and Analytics predicted in the 2015 Dodge Construction Outlook Report that a rise in construction starts for commercial and institutional building accompanied by moderate improvement for housing and a stabilizing public works sector is on slate for 2015.
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