The 2009 Construction Outlook Spring Update recently published by McGraw-Hill Construction, New York, says that while construction spending will drop to $463.1 billion in 2009, the decline will be cushioned by the recently enacted stimulus legislation, the American Recovery and Reinvestment Act of 2009.
Authored by Robert Murray, vice president of economic affairs for McGraw-Hill Construction, the report also said public works will see the most immediate benefit from the stimulus act,
All access premium subscription
Only Electrical Marketing newsletter subscribers have access to premium content.
Being a subscriber to the Electrical Marketing newsletter allows you exclusive access to high value content including key economic indicators measuring the health of the market and access to the Electrical Price Index and other important industry insights.
Sign up for the Electrical Marketing newsletter to get access.