U.S. non-residential construction sector sees sluggish growth in November 2015

Spending in U.S. non-residential construction slowed down at a seasonally adjusted annual rate from summer to November 2015, according to U.S. Census Bureau data. Building construction declined with the exception of office buildings and public schools. Spending was lower than previously reported for much of 2015 after the government revised construction data from early 2005 through October 2015.

The American Institute of Architects reported a softening of business conditions in November, despite the relatively strong economy. Conditions in the Northeast were worse compared to the rest of the country. Most firms expect higher revenues in 2016.

 

Source: ITTO/ Edited by Panels & Furniture Asia