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Heavy Construction Recovery Taking Shape
JOHANNESBURG, SOUTH AFRICA--(Marketwire - June 15, 2010) - www.streetinvesting.com - The construction industry has been one of the worst hit during the recession and is amongst the slow-paced industries to heal as the U.S. economy mends itself gradually. The engineering and construction stocks index, which groups a number of companies involved in big construction projects like infrastructure, power plants and oil refineries, is still in the negative territories with a decline of 9.6% for the month. The index, however, traded higher at the close yesterday with a slight boost of 0.9%. Construction of infrastructure and other public sector heavy constructions which were included in the federal stimulus package have been showing some steady growth in the first few months of 2010, and industry experts believe that this growth will continue to see positive movements in throughout the year.
View More : http://www.marketwire.com/mw/release.do?id=1276139&sourceType=3
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