2023: Swiss construction industry to shrink 2.7%, US construction spending falls 0.2% in Jan.

Switzerland's construction industry is expected to shrink by 2.7% in real terms in 2023, and the annual average growth rate of the Swiss construction market is forecasted to be 1.6% between 2025-2027. In January, US construction spending unexpectedly fell by 0.2% to an annual rate of $2.102 trillion, marking the first decline since December 2022. Nonresidential construction spending in the US dropped by 0.4% in January, partially attributed to harsh winter weather.

March 01, 2024
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