Global Construction Spending

Fifty-five nations will spend $4 trillion in building stuff this year. The US will lead the pack with investments in the $910 billion range, which is up 1.6% over last year. Japan is expected to invest $664 billion in construction, and China is expected to spend somewhere in the $450 billion range. These are improved numbers over the 2000-2002 period.

As you can expect, this will help economic development here and abroad.

Download the article from Business Week here.