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Home » 2003: where we are now and where we're going

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2003: where we are now and where we're going

December 1, 2002
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Even if the U.S. stock market can't seem to make up its mind, most experts are predicting 2003 will be a better year.

Economic indicators in many sectors are showing small gains. The value of new construction starts in August were up 7% compared to July's figures, according to the McGraw-Hill Construction Information Group, which released its report in September. Double-digit gains were reported in nonresidential building and non-building construction, while the housing market improved slightly. Total construction for January-August 2002 was up just 1% compared to the same period in 2001, for a seasonally adjusted annual rate of $509.4 billion.

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