for June, 2013

June 2013 Economic Overview

Posted on 06/28/2013 in Construction, Economic Overview, Engineering - 0

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America’s bumpy recovery continues during 1Q’13, with employment improving while other metrics (construction spending, etc.) are sideways or down; China and Asia as a whole grew GDP slower than expected but not slow enough for alarm; and, as usual, nothing ever happens in Washington. Looking forward, US sequester will cut GDP growth slightly in back half of the year, turmoil will continue in Europe due to financial issues and in the Middle East but neither will throttle US economic activity during 2013. The US stock market will stay in positive territory throughout the year but will remain volatile in both directions. US energy markets remain a tremendous bright spot and will continue to create jobs and make a wide ranging impact including on US manufacturing and refining competitive advantage.

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