Monthly Archives: December 2019

Construction spending during October 2019 was estimated at a seasonally adjusted annual rate of $1,291.1 billion, 0.8 percent below the revised September estimate of $1,301.8 billion. The October figure is 1.1 percent above the October 2018 estimate of $1,277.4 billion. During the first ten months of this year, construction spending amounted to $1,086.5 billion, 1.7 percent [...]

The Marcum Commercial Construction Index for Q3, 2019 finds the construction industry in an OK postion as the year ends, despite a mounting drumbeat of negative news. On the positive side: A 1.5% increase in public construction spending in September and a 6.6% increase year-over-year. An average backlog of 10.4 months in the infrastructure category, outpacing [...]

Deere announces net income of $3.2 billion for 2019: Net sales increase 4% for fourth quarter and 5% for full year. Company's Construction & Forestry reports higher sales and profit for year. Full-year 2020 forecast calls for net income of $2.7 to $3.1 billion, reflecting uncertainties in our equipment operations. Deere’s worldwide sales of agriculture and [...]