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Fed's Beige Book Economic activity increased slightly to moderately across the twelve Federal Reserve Districts in late November and December. Contacts in several service industries, notably healthcare, continued to see job growth. Vehicle sales grew modestly.
On the institutional side, planning activity slowed for education, healthcare and government buildings. Commercial construction is typically a lagging economic indicator. On the commercial side, weaker planning activity for warehouses, data centers and retail stores drove this months decline.
On the commercial side, data center and warehouse planning drove much of the growth this month, while stronger healthcare and education activity supported the institutional portion. Commercial construction is typically a lagging economic indicator. In December, the DMI was up 19% when compared to year-ago levels.
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Owners and developers are navigating heightened economic and policy uncertainty, which likely bogged down much of this months planning activity. On the institutional side, planning momentum waned for education, healthcare, and government buildings. Commercial construction is typically a lagging economic indicator.
On the institutional side, healthcare was the primary driver of this month’s expansion. Commercial construction is typically a lagging economic indicator. Within the commercial portion of the Index, growth was widespread across all segments. In July, the DMI was 17% higher than in July of 2023.
While education and healthcare projects slowed in November, the institutional component remained net-positive alongside a robust increase in planning projects for government administrative buildings and religious facilities. The rate of increase in the DMI, however, has steadied over the month.
While some of that will likely erode in 2023 as economic growth wanes, increased demand for some building types like data centers, labs, and healthcare buildings will provide a solid floor for the construction sector.”
On the institutional side, education and public planning activity expanded, offset by weaker activity in healthcare, recreational and religious projects. Commercial construction is typically a lagging economic indicator. This month, the DMI was 13% higher than in October of 2023.
The institutional component was varied, experiencing growth in recreational and education projects, countered by a decline in the number of healthcare and public planning projects. Commercial planning was bolstered by a solid increase in office and hotel projects.
Owners and developers tend to put projects into planning until well after economic conditions weaken. Therefore, the anticipated mild economic growth in 2023 could cause the DMI to moderate over the year, but it is unlikely to fall below historical norms.” Martin notes, commercial construction is a lagging economic indicator.
On the institutional side, healthcare was the primary driver of this past month’s expansion, followed by recreational planning. Commercial construction is typically a lagging economic indicator. In August, the DMI was 31% higher than in August of 2023. This index suggests a slowdown in 2024 and early 2025, but a pickup in mid-2025.
“On par with our expectations, the Dodge Momentum Index continued to recede in April, due to declining economic conditions and ongoing banking uncertainty.” Weaker commercial planning is driving the DMI’s decline, as it is more exposed to real-time economic changes than the largely publicly funded institutional segment.”
On the institutional side, weaker healthcare planning was offset by an improvement in education activity. Commercial construction is typically a lagging economic indicator. Data center planning continued to be the primary driver of commercial growth in June, alongside moderate growth in retail, hotels and warehouse projects.
August saw a deceleration in education, healthcare and amusement planning activity, fueling the sizable decline in the institutional sector. Commercial construction is a lagging economic indicator. Also, planning in the sector continues to revert from the strong spike in activity back in May.
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We are predicting the Dodge Momentum Index to work its way back to historical norms throughout 2023, concurrent with weaker economic conditions,” stated Sarah Martin, associate director of forecasting for Dodge Construction Network. Martin previously noted, commercial construction is a lagging economic indicator.
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Increased economic and policy uncertainty will continue to contribute to heightened volatility in the project data - but in aggregate, planning activity is on steady footing.” On the institutional side, a strong uptick in education and recreational projects drove this month’s gains, partially offset by a mild slowdown in healthcare planning.
Tariffs are perhaps the most non-partisan issue in economics. In fact, the only reason anyone knows about my work is because half the stuff I read during the GFC years was BS and I made it my mission to debunk a lot of the terrible economic narratives out there. The economic data certainly bears that out. How did this happen?
On the institutional side, education and healthcare planning activity receded again – in part, driven by another month of weak life science and R&D laboratory activity. Commercial construction is typically a lagging economic indicator. Warehouse planning was basically flat. Year over year, the DMI was 1% lower than in April 2023.
Economic activity was little changed overall in April and early May. Education and healthcare organizations saw steady activity on balance. Fed's Beige Book "This report was prepared at the Federal Reserve Bank of Chicago based on information collected on or before May 22, 2023." Staffing firms reported slower growth in demand.
Institutional planning, on the other hand, was driven lower by a decrease in education and healthcare activity. Commercial construction is a lagging economic indicator. Commercial planning in June remained afloat alongside an uptick in data center and hotel planning projects. emphasis added Click on graph for larger image.
From there, we have several articles on Mergers & Acquisition (M&A) trends: M&A activity so far in 2022 is set to exceed 2021’s record pace despite economic headwinds, meaning there could simply be a ‘new normal’ of higher activity regardless of the economic environment.
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Recession-proof businesses are more than just smart, they’re essential when economic uncertainty hits. Content related to challenging financial times Final thoughts: Start building a recession-proof business today Recession-proof businesses can thrive despite an economic downturn. Should I start a business during a recession?
Improvements in warehouse planning helped support commercial growth, but despite strong progress in September, education and healthcare activity slowed down this month. Commercial construction is typically a lagging economic indicator. Year over year, the DMI was 8% lower than in October 2022.
It affects every aspect of your life, from who your spouse is, how successful your career may become, how good your healthcare outcomes are, and how fulfilling your relationships are. The deeper you fall down this rabbit hole, the more you learn exactly how important good judgment and decision making is.
This exclusive club currently has fewer than 70 members, representing diverse sectors from healthcare to manufacturing. By maintaining and growing shareholder payments across various economic conditions, they’ve proven their capacity to generate sustainable profits and manage cash flow effectively.
From there, we have several articles on Mergers & Acquisition (M&A) trends: M&A activity so far in 2022 is set to exceed 2021’s record pace despite economic headwinds, meaning there could simply be a ‘new normal’ of higher activity regardless of the economic environment.
As the demand for high-performance computing, electric cars, and AI processing expands, chips are no longer a technology niche—today, they are a central engine of economic progress, and that means billionaire-level benefits. Healthcare & Pharmaceuticals Though never in the limelight, healthcare is a lucrative and essential industry.
This expressway is also known as the “Prosperity Corridor” is one of India’s fastest and most ambitious road projects which redefines not only the commutation but also the economic dynamism of the state. Greater integration with the existing economic corridors expected. Higher potential for appreciation as the development scales up.
A bold strategic roadmap is also in place to build new green field airports, which are set to transform the economic and real estate pattern in the state. Institutional and local investors are showing keen interest, recognising the long-term potential of these emerging economic corridors. Airport Project Insights 1.
After such strong growth in 2022, we expect the Index to work its way back towards historical norms this year, in tandem with weaker economic growth. Slower activity in education and amusement projects drove down the institutional portion of the Index, nullifying the impact of gains in healthcare and public planning over the month.
Economic Update: Walmart Earnings : Reported lower-than-expected sales guidance, indicating potential weakness in U.S. Sector Performance : Energy, healthcare, and communication services are outperforming; technology and consumer discretionary sectors are underperforming. Stock Market Update: S&P 500 : Down 1.7% for the year.
This exclusive club currently has fewer than 70 members, representing diverse sectors from healthcare to manufacturing. By maintaining and growing shareholder payments across various economic conditions, they’ve proven their capacity to generate sustainable profits and manage cash flow effectively.
Please consider the November 2022 Services ISM ® Report On Business ® Economic activity in the services sector grew in November for the 30th month in a row — with the Services PMI ® registering 56.5 And at economic turns, the admittedly more noisy household survey (employment) tends to lead. The Supplier Deliveries Index registered 53.8
July also saw a deceleration in the number of education and healthcare projects entering planning — the two largest institutional segments. Commercial construction is a lagging economic indicator. Hotel planning saw the largest month-over-month decay, marking four months of consecutive decline in the sector.
Whether it is finance, technology, healthcare, entertainment, or even food, fresh trends are emerging across the board. The healthcare industry is also on the brink of major disruption. These developments could lead to big moves in healthcare stocks, so you will want to keep a close eye on this sector. So, what can you do?
Meanwhile, the Dow fell as healthcare stocks came under pressure. 8 This Week: Key Economic Data Tuesday: Federal Open Market Committee (FOMC) Meeting Begins. Source: I nvestors Business Daily – Econoday economic calendar ; December 10, 2024 The Econoday economic calendar lists upcoming U.S. Retail Sales.
While Lockheed Martin remains a solid performer with government contracts and steady demand, it lacks the same growth potential as Eli Lilly , which is positioned to benefit from the global healthcare push. This bracket focuses on who benefits most when the Russia-Ukraine war ends and economic rebuilding begins.
During economic downturns, certain types of stocks tend to perform better than others. Strong balance sheets: Low debt levels and ample cash reserves help weather economic storms. Defensive sectors: Industries like consumer staples, healthcare, and utilities often outperform during recessions.
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