Contractors Shift to Maintenance Mode

摘要

Construction Equipment's Giants reported an overall business outlook that reflects the desperation of economic news dominating North America when Giants surveys were on their desks in late spring. Oil rising to $133 per barrel and diesel fuel on its way to more than $5 per gallon were pushing prices of everything. A ton of steel rebar could cost more than $1,000. With consumer confidence shaken, loss of single-family housing starts accelerated after a disappointing 2007. Commercial-construction growth had begun to weaken.