Construction equipment and contracting executives from publicly owned companies offered investors optimism in their 2019 market outlook at a Credit Suisse investment conference last month in Miami. The mining sector’s continuing upward momentum in the next year and big overseas energy contracts set to be awarded are highlights, even with capacity and other risk factors looming.
“Infrastructure, nonresidential and energy spending continues to drive healthy demand for construction equipment in the U.S. which is expected to continue into 2019,” said Jamie Cook, lead Credit Suisse analyst for the sectors, in a Dec. 3 note.
