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Articles tagged with "Forecast"

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Granite shrugs off tariff impacts, hints at new IIJA
Granite shrugs off tariff impacts, hints at new IIJA

Granite Construction Incorporated, a civil infrastructure company based in California, has reported that they have not been negatively affected by recent tariffs. The CEO expressed optimism about the political support in Congress for a subsequent infrastructure investment law. This hints at potential legislative developments that could benefit the construction sector.

Policy uncertainty could trigger ‘recession’ for renewables, analyst says
Policy uncertainty could trigger ‘recession’ for renewables, analyst says

Uncertainties in government policies, particularly regarding tariffs and tax credits, have led to significant drops in renewable energy investments in early 2025 according to Mercom Capital Group. The lack of clear policy direction is causing concerns about a possible recession in the renewables sector. Analysts warn that this could impact future growth and innovation within the industry.

Construction spending plummets on tariff fears
Construction spending plummets on tariff fears

The article discusses a significant drop in construction spending driven by fears over tariffs. Data centers remain a key growth area in an otherwise declining sector, as most private construction sectors reduced their activity in March. This trend reflects broader economic concerns impacting the construction industry.

Economy shrunk 0.2% in February, StatCan estimates 1.5% annualized growth for Q1
Economy shrunk 0.2% in February, StatCan estimates 1.5% annualized growth for Q1

In February, the Canadian economy experienced a contraction of 0.2%, largely driven by a 0.6% decline in the goods-producing sector, including mining, quarrying, oil and gas extraction, and construction. However, early indicators suggest moderate economic growth in March. Statistics Canada forecasts a 1.5% annualized GDP growth for the first quarter of the year.

Construction hiring slows to lowest rate ever recorded
Construction hiring slows to lowest rate ever recorded

The latest employment data reveals a significant slowdown in construction hiring, marking the lowest rate ever recorded. This trend suggests a reduced demand for labor within the industry, raising concerns among stakeholders. The data was analyzed and released by the Associated Builders and Contractors. This downturn could indicate broader economic implications for the construction sector.

Churchill Downs pauses $920M expansion on cost uncertainty
Churchill Downs pauses $920M expansion on cost uncertainty

Churchill Downs Racetrack in Kentucky has paused its $920 million expansion project, citing rising construction costs influenced by new tariffs and economic uncertainty. This decision affects several planned projects, such as The Skye, Conservatory, and Infield. The postponement reflects broader challenges in the industry due to fluctuating economic conditions.

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