Equipment Type

Status and Forecast

October 01, 2002

Materials/Supplies Prices

Prices rose only moderately in July, and underlying inflationary pressures remain weak.

Consumer Confidence

A third month of decline leaves the index at its lowest level since November 2001.

Water/Sewer Spending

Spending continues to exceed last year's levels, but state and local budget crunches will limit further gains.

Total Construction Spending

Public spending increased in July, but private projects dropped, leaving the total virtually unchanged from June levels.

Industrial Production

Industrial Production

A seventh consecutive month of increase in overall production has brought 2002-to-date totals above 2001. Manufacturing weakened, though, signaling a slowing recovery.

Producer Prices

Producer Prices

Inflation continues to stay below 2001 levels and causes no present concern. In fact, prices of intermediate and crude goods have risen in recent months, reducing the risk of deflation.

Construction Employment

Construction Employment

After several years of strong growth, the employment level will probably be lower this year than last. The last time this index fell was between 1991 and 1992.

Commercial Spending

Commercial Spending

Construction continued to fade in July, and to-date values are far below 2001. Retail spending was off moderately, but hotel/motel and office building spending is down considerably.

Industrial Spending

Industrial Spending

Manufacturers continue to go slow on expansion, and vacancy rates are just beginning to show signs of topping out. Spending gains won't be seen until mid-2003.

Institutional Spending

Institutional Spending

Double-digit increases in the growth rate are being fueled by spending on health care and educational facilities.

More like this

Comments on: "Status and Forecast"

Overlay Init