{"id":16401,"date":"2023-05-01T15:34:14","date_gmt":"2023-05-01T22:34:14","guid":{"rendered":"https:\/\/essential.construction\/news\/midyear-2022-spending-forecasts-compared-updated-2-1-23-construction-analytics\/"},"modified":"2023-05-01T15:34:14","modified_gmt":"2023-05-01T22:34:14","slug":"midyear-2022-spending-forecasts-compared-updated-2-1-23-construction-analytics","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/midyear-2022-spending-forecasts-compared-updated-2-1-23-construction-analytics\/","title":{"rendered":"Midyear 2022 Spending Forecasts Compared \u2013 updated 2-1-23 \u00ab Construction Analytics"},"content":{"rendered":"

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How we doin?<\/p>\n

In the AIA Midyear 2022 Consensus, eight firms provided forecasts for Nonresidential Bldgs markets construction spending for 2022. Their forecasts for 2022 are summarized here, percent +\/- growth. Construction Analytics midyear forecast is included for comparison. Who is closest, who\u2019s not? The year-to-date (YTD) value is through September 2022. I\u2019ll update after final spending for 2022 is posted in Feb. 2023, and then revised in July. The Sept YTD data was released Nov.1st. I\u2019ve included my current (Nov) forecast for 2022 final spending, the eventual target of all these forecasts, to the left of the table.<\/p>\n

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Here\u2019s the initial 2022 total year spending released 2-1-23. This will get minor revisions in Mar, Apr and Jul. As in past years, I\u2019ve highlighted in green for best estimate and red for worst estimate. This is the 3rd consecutive year I\u2019ve produced collectively better forecasts than those published in the AIA Consensus. You can follow the links below this posts to prior year comparisons.<\/p>\n

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