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Prosperity in the Age of Decline

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40-Month Decline in Construction Materials Production Set to End Soon

The materials market appears to be stabilizing this summer after a 28% fall in production over three and a half years. Sales were approximately steady in June and production fell only 0.1% in July when orders rose 1.4%. Inventories held by manufacturers have been dropping since November and have now fallen enough — with steep production cuts — to push the month end inventory/sales ratio to 1.43 from a peak of 1.52 in December and January.

 

Source: Reed Construction Data

 

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Valve Magazine Digital Edition

14 SUM CVR 160x214Inside the Summer 2014 issue…

• Attracting Talent
• Advances in Machining
• Severe Service in Power Plants
• SIS Tests and Standards

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