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U.S. Economy / Markets

Current Used Equipment Values Up 50% From Low Point in 2009
Used equipment prices increased 1.6% from January values to 44.8, which is 2.8% higher than the prior peak of 43.3 in April 2007, according to the March Rouse Rental Report.
forconstructionpros.com – 4/5/2014

Equipment Leasing Confidence Jumps to Two-Year High
The Equipment Leasing & Finance Foundation (the Foundation) released the March 2014 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI).
Construction Equipment Guide – 3/27/2014

2014 Construction Industry Forecast Optimistic Activity Will Increase
Wells Fargo Equipment Finance released the results of a survey of 522 construction industry executives across the U.S. in its 2014 Construction Industry Forecast. The survey's Optimism Quotient reached an all-time high of 124, reflecting respondents' strong optimism that local non-residential construction activity will increase in 2014 compared to 2013.
forconstructionpros.com – 2/26/2014

Manufacturing Production Declines Due to Poor Weather
A perfectly timed winter storm at the end of last week coincided with news that cold weather has had a negative impact on consumer spending and manufacturing output.
National Association of Manufacturers – 2/18/2014

Real GDP Up Only 1.9% in 2013, Less than 2012 Increase
U.S. real GDP rose only 1.9 percent for 2013 as a whole, below the 2.8 percent figure seen in 2012.
National Association of Manufacturers – 2/3/2014

Economy grew at 3.2% rate in fourth quarter
The U.S. economy grew at a 3.2 percent annual rate in the October-December quarter on the strength of the strongest consumer spending in three years, an encouraging sign for 2014.
Los Angeles Times – 1/30/2014

US Manufacturers Likely Growing At Faster Rate Than China, Europe
In the global economy this week, data will probably show U.S. manufacturers are expanding at a faster rate than their counterparts in China and Europe. Growth at American producers held close to the highest level since early 2011.
Bloomberg – 12/28/2013

Expanded trade creates more American jobs and economic growth
Like most Americans, I'm frustrated with the slow rate of economic growth in the United States over the last several years. Most proposals to fix the problem focus on domestic issues - government spending, taxes and infrastructure projects, to name a few. But while all of these issues are critically important to the U.S. economy, the opportunity to increase U.S. investment, growth and jobs requires us to go beyond America's border.
Modesto Bee – 12/26/2013

2014 Economic Outlook: Construction Equipment Investment Expected to Decline
After reaching record levels of investment in 2013, construction equipment investment could likely decline 5% to 10% in 2014
forconstructionpros.com – 12/12/2013

U.S. Cement Consumption to Reach Nearly 80 Million Tons in 2013, PCA Reports
The Portland Cement Association last week said it expects 2013 cement consumption to reach nearly 80 million metric tons, a 4.5-percent increase over 2012. Consumption levels will reach 86 million metric tons in 2014, an 8.1 percent year-over-year gain, PCA said.
RER – 11/22/2013