Manufacturing Construction Will Back Down a Bit in 2016

Manufacturing Construction Will Back Down a Bit in 2016

Trends in manufacturing construction

Manufacturing is currently the fastest-growing construction sector at 25% for 2015. However, we expect that rate to back down a bit in 2016 to 11%. Continued low energy prices will hold down capacity additions in the oil and gas sector, but help those relocating or expanding in other areas of manufacturing, including the current boom in the petrochemical areas. The completion of the Panama Canal expansion project is expected to decrease costs and increase shipments from Gulf Coast ports

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