Business News • MarketWire • Engineering and Heavy Construction Show Growth Potential Despite Slow-Paced Economy |
Engineering and Heavy Construction Show Growth Potential Despite Slow-Paced Economy |
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Engineering and Heavy Construction Show Growth Potential Despite Slow-Paced Economy
JOHANNESBURG, SOUTH AFRICA--(Marketwire - June 15, 2010) - www.streetinvesting.com - It is a fact carved in concrete that the construction industry has been one of the worst hit during the recession and is amongst the sluggish industries to start recovering. The engineering and construction stocks index, which groups many key companies involved in big construction projects like infrastructure, power plants and oil refineries, is still in the red with a decline of 9.6% for the month, but it traded higher at the close yesterday with a slight increase of 0.9%. The truth remains that construction of shopping centers, office space, hotels and residential buildings is taking longer to build momentum as they fall largely in the residential and commercial construction space which is mainly contracted to private companies and these companies are still battling the odds with low demand for such constructions. Conversely, construction of infra
View More : http://www.marketwire.com/mw/release.do?id=1276143&sourceType=3
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