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Article: Engineering News-Record -ENR- Calculates Worldwide Construction Market at $3.41 Trillion; $190 Billion Increase from Q4 1998.
- Article from:
- Business Wire
- Article date:
- December 5, 2000
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Business Editors
NEW YORK--(BUSINESS WIRE)--Dec. 5, 2000
U.S. Market Alone Accounting for 90 percent of Worldwide Increase
Since 1998
The worldwide construction industry, valued at $3.41 trillion, has grown 5.8 percent since 1998, according to research by Engineering News-Record (ENR). The $190- billion increase is attributed to the continued strength of the U.S., which accounted for over 80 percent of the growth.
"Despite all the economic trials and tribulations experienced around the world, the world market has grown," explains Gary Tulacz, ENR's senior editor. "Most regional markets gained only slightly as Asia and Latin ...