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Construction spending up: Statistics Cananda

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by Journal Of Commerce

Statistics Canada says public and private organizations, and the housing sector, intend to invest $404.5 billion in construction, machinery and equipment in 2014, up 1.4 per cent from 2013.

Statistics Canada says public and private organizations, and the housing sector, intend to invest $404.5 billion in construction, machinery and equipment in 2014, up 1.4 per cent from 2013.

The principal drivers are investments in the transportation and warehousing, housing and public administration sectors.

However, these gains will be partially offset by anticipated declines in investments by organizations in the utilities, retail trade and health care and social assistance sectors.

Capital investment in the private sector, including housing, is expected to reach $315.2 billion in 2014, up 1.3 per cent.

Investment in non-residential construction, which represents more than 62 per cent of total investment excluding housing, is expected to decline 0.2 per cent to $185.4 billion. Spending on capital machinery and equipment is anticipated to increase by 3.9 per cent to $112 billion.

News from © Canadian Press Enterprises Inc., 2014

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