Sales by major category for the construction rental industry in June 2012 shows aerial work platforms at the highest amount of sales.
Photo credit: Rouse Asset Services
According to the U.S. Census Bureau:
- During the first five months of 2012, construction spending amounted to $310.5 billion, 9.4% above the $283.8 billion for the same period in 2011.
- New construction equipment orders totaled $49.9 billion in 2011, an improvement of 38.2% over 2010 levels.
According to information from the Equipment Leasing and Finance Association:
- In 2011 the construction industry represented 5.9% of equipment financing new business volume reported by ELFA member companies, down from 6.1% in 2010.
- In 2011 construction equipment represented 9.4% of equipment financing new business volume reported by ELFA member companies, up from 7.7% in 2010.