Dive summary:
- Construction is the bright spot on the horizon for companies that lease equipment or finance purchases of it, far outshining the Equipment Leasing & Finance Foundation's forecasts for other sectors.
- Subject to a broad caution about the economic effect if the federal government does not solve its "fiscal cliff" threat of another recession, the foundation predicted 15% growth for construction in 2013, pushed largely by housing.
- The others sectors – agricultural equipment, computer equipment and software, industrial equipment, medical equipment and transportation equipment – are forecast to see single-digit growth or, in the case of agriculture, contract.
From the article:
Domestic political risk is the major concern on the radar for 2013. ...