Global Industry Forecasts > Quarterly Industry Forecasts > Construction

The outlook for construction is largely unchanged at the headline global level, bar a minor temporal shift in growth from 2015 to 2016. The 2015 forecast has been lowered by a quarter of a percentage point to 2¼% while 2016 growth has been raised by the same amount to 3½%. Chinese construction remains downbeat as it struggles to fill capacity amid a shrinking investment climate. The other side of the coin is the US, where construction remains in rude health as the sectors long awaited construction catch-up potential seems to be taking hold.