Bill Toal, chief economist for the Portland Cement Association, presented the U.S. forecast. According to Toal, the construction economy will rise 1.3 percent in 2000, experience a slight dip (1.9 percent) in 2001, then continue on an upward track, rising 1.3 percent in 2002. Toal said the construction economy continues to benefit from the strength of the overall economy, which he predicts will rise 3 to 3.5 percent in 2001.
North American Construction to Experience Slight Dip in 2001
North American construction is expected to continue at robust levels for the foreseeable future, reported presenters at CMD Group's 5th annual North American Construction Forecast conference, held October 24 at the National Press Club, Washington.