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A Framework That Provides Clarity

During periods of “low visibility,” confusion reigns: for every indication of one trend, there seems to be a countertrend. The key is to glean from the collective wisdom of reliable leading indicators a clear signal that the economy is headed for a turn.

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Jan 24 2014

Construction Sector Key to Overall Growth

Many believe the construction sector will be a major driver of U.S. economic growth in 2014, with non-residential construction in particular expected to catch up to a booming residential sector. Given the strength with which construction sector data are closing out 2013 – namely, 122,000 jobs added in the past year, residential building permits near a 64-month high, and construction spending at a 56-month high – it might seem reasonable to extrapolate that performance into the future, which, in turn, would bode well for the overall economy.

Are these beliefs well founded? ECRI’s latest in-depth study answers this question, revealing a clear trajectory for construction sector growth – an area many are depending on to fuel the economy in the year ahead.

Related News & Events

Secular Stagnation

Fox Business News January 22, 2014

GDP growth (yoy) has been less than 2% for four straight quarters, something we’ve never seen except during or right after a recession. More

 

Cyclical & Secular Outlook

BNN January 15, 2014

ECRI's Lakshman Achuthan joined BNN to discuss the cyclical outlook. More

 

Cyclical Outlook

CNBC January 14, 2014

ECRI's Lakshman Achuthan joined CNBC this morning to discuss the cyclical outlook. More