2018 ARBTBA Transportation Construction Forecast: Modest

The American Road & Transportation Builders Association’s (ARTBA) has released its economic forecast for 2018 and says the U.S. transportation infrastructure market is anticipated to rebound slightly next year, following a 2.8 percent drop in 2017.

The 2017 market drop was largely driven by the overall national decline in state and local highway and bridge spending, which is expected to be down 6.4 percent and 7.7 percent, respectively. The 2017 market performance is expected to come in at $247.1 billion.

READ MORE

Source: Construction Equipment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.