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Spending on buildings, machinery to rise slowly


March 13, 2013
By Statistics Canada

April 4, 2013 – Statistics Canada says investment in construction and machinery and equipment should reach $398.2 billion in 2013, up 1.7 per cent from 2012. But the increase, based on forecasts of public and private organizations, including the housing sector, would be the smallest since the economic downturn in 2009.

April 4, 2013 – Statistics Canada says investment in
construction and machinery and equipment should reach $398.2
billion in 2013, up 1.7 per cent from 2012. But the increase, based on
forecasts of public and private organizations, including the housing sector,
would be the smallest since the economic downturn in 2009.

It says the
main contributor to the slowdown is an anticipated decline in investment
reported by the mining and oil and gas
extraction sector, although strong
increases are expected in the utilities sector and in transportation and
warehousing.

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Of total investment, capital spending by the public sector
is anticipated to rise five per cent to $88 billion, while private
sector
investment is expected to edge up 0.8 per cent to $310.2 billion. Of
the private sector total, investment in housing is anticipated to rise 0.2
per cent to $104.7 billion, while investment in non-residential construction
is expected to rise 1.4 per cent to $178.9 billion.

Spending on
capital machinery and equipment is anticipated to increase 3.6
per cent to $114.6 billion.

Related Link
www.statcan.gc.ca


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