Construction Industry Trends & COVID-19 Impact.
Posted by Michelle Meisels , Principle, Deloitte Consulting LLP on Aug 21st 2020
2020 Engineering and Construction Industry Outlook: A midyear updateExploring engineering and construction industry trends and the impact of COVID-19In 2019, the engineering and construction industry saw overall market growth despite cost pressures, labor shortages, and trends toward fixed-bid projects. We originally forecasted this trend would persist into 2020, but the COVID-19 pandemic caused a shift in project timelines and a drop in the sectors’ labor and employment. As recovery in the afteRead more
Construction Equipment Demand Expected to Remain Low in 2020
Posted by Sara Jensen, OEM Off Highway on Aug 21st 2020
Equipment Demand Expected to Remain Low in 2020U.S. Construction Machinery New Orders through April 2020 were down 12.2% compared to the previous year. Demand will likely be limited into late 2020 due in part to reduced demand for U.S. Private Nonresidential Construction. U.S. Farm Machinery and Equipment Supplies were down 3.2% in April and steep decline is anticipated due to global macroeconomic decline negatively impacting machinery exports.Europe Agricultural and Forestry Machinery ProductioRead more