In its Spring 2012 Industry Research Monitor on the construction industry, GE Capital noted that small but consistent quarterly improvements in virtually all metrics give positive momentum for 2012. GE said total construction put-in-place improved 1.5% year-over-year in Q4/11 to $204.7 billion with improvements in residential and nonresidential business construction offset by a slight decline in non-building construction.
Commenting on construction equipment, GE said new construction equipment orders as reported by the U.S. Census Bureau, continued to improve with Q4/11 increasing 27.6% year-over-year to $14.0 billion after increasing 37.8% Y/Y in Q3/11. New equipment orders totaled $49.9 billion in 2011, a 38.2% improvement from 2010.
Shipments of construction equipment also continue to improve, increasing 34.0% Y/Y in Q4/11 to $13.4 billion after increasing 44.4% y/y in Q3/11.
GE said new orders continued to outpace shipments, which demonstrates a positive future outlook for dealers and end-users.
To read the full text of GE Capital?s Spring 2012 report on the construction industry click here.
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