Articles Tagged with ''economy''

A variety of factors since 2020 have contributed to surprising growth in construction, with markets surprisingly strong last year, writes Chris Sleight, managing director of Off-Highway Research.

Construction contractors have a decidedly mixed outlook for 2024, as firms predict transitions in demand for projects, the types of challenges they will face and the technologies, including artificial intelligence, they will embrace, according to survey results the Associated General Contractors of America and Sage released Jan. 4.

Turning India’s vast banana waste into an eco-friendly leather alternative has paid off for a team of enterprising students. Solving problems of waste and limited resources, the group is among three student teams from five countries and six universities sharing $65,000 for their big green ideas winning the 2023 Wege Prize.

The Marcum Commercial Construction Index for the first quarter of 2023 reports that the construction industry retains momentum despite still-elevated inflation and ongoing labor shortages.

The U.S. Treasury Department’s Office of Economic Policy released a new report entitled, “Labor Unions and the Middle Class,” that highlights the role that labor unions play in the American economy.

Report Ocean has released a forecast of the global stucco market through 2031, according to Hometown Pages.

The National Bureau of Economic Research released a new study finding that roughly one in 10 workers who initially reports working for an employer on one or more jobs and thus is coded as an employee is in fact an independent contractor on at least one of those jobs.

The industrial insulation market size is projected to reach $5 billion by 2027, at a CAGR of 5.4 percent from 2022. The power industry had the largest market share in 2021, followed by the oil & petrochemical segment during the forecast period.

A shortlist of 15 sustainability innovations announced for Wege Prize ’23 offer real-world solutions to pressing challenges such as plastics pollution, hunger and agricultural waste, as they also open bright horizons for the future circular economy.

The top economist in the cement, concrete and construction industries predicts a stronger U.S. economy during the first half of this year than was previously expected but believes there will likely be a slowdown in economic growth starting this summer.