Blog – Global Construction Spending Analysis for April 2023
Construction spending in the United States amounted to $1.83 trillion in May, increasing 0.3% compared to the previous month's revised figure, the US Census Bureau said in a report on Monday. On an annual basis, the number was 3.8% higher.
During the first three months of 2023, construction spending stood at $403.3 billion, rising 4.3% in comparison to the corresponding time span in the prior year.
Private construction spending was 0.3% higher month on month in March, amounting to $1.44 trillion, while public construction spending was $399.6 billion, up 0.2% on a monthly basis.
Source - https://www.nasdaq.com/articles/u.s.-construction-spending-unexpectedly-increases-in-march or https://www.teletrader.com/construction-spending-up-0-3-in-us-in-march/news/details/59912544?internal=1
2. PAUL YOUNG - BIO
• CPA, CGA (1996)
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Customer Success Management
• SME – ESG and Sustainability Reporting
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: paul.young_cga@outlook.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
3. AGENDA
• Infrastructure
• Construction Spending - USA
• Permits – Canada
• Infrastructure gap
• Supply chain issues
• Monitoring assets and risk mitigation
• Residential financial statements
• Construction company financial statements
• Summary
PRESENTATION TITLE 2/11/20XX 3
4. WE FORUM / FOCUS OF INFRASTRUCTURE
Source - https://www.weforum.org/agenda/2021/01/four-big-infrastructure-trends-for-2021/
PRESENTATION TITLE 2/11/20XX 4
5. GLOBAL INFRASTRUCTURE – ROAD
INFRASTRUCTURE
PRESENTATION TITLE 2/11/20XX 5
Source - https://www.nationmaster.com/nmx/ranking/road-infrastructure-spending
6. WORLD
INFRASTRUCTU
RE SPENDING
• Source -
https://documents.worldbank.org/
en/publication/documents-
reports/documentdetail/97057154
9037261080/hitting-the-trillion-
mark-a-look-at-how-much-
countries-are-spending-on-
infrastructure or
https://www.weforum.org/agenda/
2019/04/infrastructure-gap-heres-
how-to-solve-it/
PRESENTATION TITLE 2/11/20XX 6
8. CHINA AND GLOBAL INFRASTRUCTURE
• China continues to build and finance infrastructure projects in Africa - http://www.sais-cari.org/data-
chinese-contracts-in-africa
• China and the Belt Road - https://www.constructionglobal.com/construction-projects/china-belt-and-road-
initiative-spending-hit-pandemic
• China and developing countries / loans - https://www.reuters.com/article/us-china-emerging-
debt/database-reveals-secrets-of-chinas-loans-to-developing-nations-says-study-idUSKBN2BN0EY
• China and supply chain - https://www.arabnews.com/node/1418636/business-economy
• NATO and China’s control of transportation routes -
https://www.defensenews.com/global/europe/2021/03/04/nato-grapples-with-grasping-chinas-
transportation-clout-in-europe/
PRESENTATION TITLE 2/11/20XX 8
10. INFRASTRUCTURE GAP / UNITED STATES
Source - https://www.mckinsey.com/business-functions/operations/our-insights/reimagining-infrastructure-in-the-united-states-how-to-build-
better#
PRESENTATION TITLE 2/11/20XX 10
11. BUILDING PERMITS/ UNITED STATES
Source - https://www.mckinsey.com/business-functions/operations/our-insights/reimagining-infrastructure-in-the-united-states-how-to-build-
better#
PRESENTATION TITLE 2/11/20XX 11
12. BUILDING PERMITS/ UNITED STATES
Source - https://www.mckinsey.com/business-functions/operations/our-insights/reimagining-infrastructure-in-the-united-states-how-to-build-
better#
PRESENTATION TITLE 2/11/20XX 12
13. BUILDING PERMITS/ UNITED STATES
Source - https://www.mckinsey.com/business-functions/operations/our-insights/reimagining-infrastructure-in-the-united-states-how-to-build-
better#
PRESENTATION TITLE 2/11/20XX 13
14. BUILDING PERMITS/ UNITED STATES
Source - https://www.mckinsey.com/business-functions/operations/our-insights/reimagining-infrastructure-in-the-united-states-how-to-build-
better#
PRESENTATION TITLE 2/11/20XX 14
15. BUILDING PERMITS/ UNITED STATES
Source - https://www.mckinsey.com/business-functions/operations/our-insights/reimagining-infrastructure-in-the-united-states-how-to-build-
better#
PRESENTATION TITLE 2/11/20XX 15
16. BUILDING PERMITS/ CANADA
Source - https://www.mckinsey.com/business-functions/operations/our-insights/reimagining-infrastructure-in-the-united-states-how-to-build-
better#
PRESENTATION TITLE 2/11/20XX 16
17. STATE AND LOCAL GOVERNMENT
INFRASTRUCTURE
Source - https://www.pgpf.org/blog/2020/06/state-and-local-infrastructure-spending-a-closer-look
PRESENTATION TITLE 2/11/20XX 17
18. SUPPLY CHAIN
PRESENTATION TITLE 2/11/20XX 18
Blog – How best to manage your supply chain.
1. Large container ships and emissions - https://www.bloombergquint.com/gadfly/huge-container-ships-biggest-problem-is-emissions
2. Port productivity - https://www.joc.com/port-news/us-ports/tpm21-one%E2%80%99s-nixon-says-us-port-productivity-gaps-mean-
congestion-months_20210302.html
3. Nearshoring - https://investmentmonitor.ai/manufacturing/think-nearshoring-will-bring-back-us-manufacturing-jobs-think-again/
Countries need to be more competitive with their policies in areas of taxation, environment, and other regulatory areas.
4. Data and AI will play a bigger role as part of supply chain management -
https://www.scmr.com/article/the_future_of_supply_chain_management_is_ai_and_data
5. Ability of canal systems to handle the flow of goods - https://www.agcs.allianz.com/news-and-insights/expert-risk-articles/suez-canal-
mega-ships.html
6. Moving supply chain areas from China to manufacturers as part of moving away from China influence - https://www.news-
press.com/story/opinion/2021/03/15/bring-critical-supply-chains-home-biden-china-mineral-markets/4692255001/
7. Standardized ESG reporting including rankings in areas like human rights or environment or other areas – Blog - 10 key ESG and
sustainability trends, ideas for both the Private and Public Sectors - https://www.linkedin.com/posts/paul-young-
055632b_10-key-esg-and-sustainability-trends-ideas-activity-7042799510351212545-
hwpI?utm_source=share&utm_medium=member_desktop
8. Development of new logistic projects like one belt road - https://fortune.com/2021/03/24/china-belt-road-initiative-soft-power/
9. Costs of moving freights - https://www.hellenicshippingnews.com/fbx-index-looking-forward-3/
10. Global inflation - https://www.bloomberg.com/news/articles/2021-03-11/inflation-is-already-creeping-into-some-corners-of-the-world
Here is my work on the supply chain - https://www.slideshare.net/paulyoungcga/how-to-better-manage-your-supply-chain
19. SUPPLY CHAIN RISKS
Here is my work on supply chain - Blog - Strengthening
Sustainable Supply Chains to Lower Emissions -
https://www.linkedin.com/pulse/blog-strengthening-
sustainable-supply-chains-lower-emissions-
young/?trackingId=0fMZE9C8TgCO8T5PLbIIjQ%3D%
3D
Supply Chain Disruption / Suez
The Suez Canal is the latest example of how both the public
and private sectors need to embrace crisis management
including having their crisis management report audited
every year.
https://www.slideshare.net/paulyoungcga/how-to-better-
manage-geopolitical-events
PRESENTATION TITLE 2/11/20XX 19
Source - https://supplychaingamechanger.com/top-10-
global-supply-chain-risks/
20. MONITORING OF INFRASTRUCTURE
ASSETS
PRESENTATION TITLE 2/11/20XX 20
Blog – How best to Identify Climate Risks with Portfolios - https://www.linkedin.com/pulse/blog-how-best-identify-climate-
risks-portfolios-paul-young/?published=t
More monitoring tools - https://community.ibm.com/community/user/communities/community-
home?CommunityKey=3d7261ae-48f7-481d-b675-a40eb407e0fd
Insurance Risk - https://www.thezebra.com/resources/car-insurance/auto-insurance-predictions-2022/
25. ADDITIONAL LINKS
PRESENTATION TITLE 2/11/20XX 25
Blog – ESG and Sustainability Reporting – What is next – March 6, 2023 -
https://www.linkedin.com/pulse/what-next-esg-sustainability-reporting-paul-young
26. SUMMARY
• Higher material costs continue plague the construction sector
• Cities want more focus on fixing existing infrastructure including roads and bridges
• Addressing issues with water, land, and forest management as part of future urban and rural planning
• Risk and Crisis mitigation plans for wildfires, floods, and other climate events
• Optimization of public transit systems
• Addressing issues with ports, intermodal, warehousing, and other areas as part of addressing issues with the
supply chain
• Streamlining regulations related to development of Oil, LNG, Critical Metals, metals, lumber, cement, and other
products related to the construction sector.
PRESENTATION TITLE 2/11/20XX 26
Blog – Global Construct
i on Spending Analysis for April 2023
Construction spending in the United States amounted to $1.83 trillion in May, increasing 0.3%
compared to the previous month's revised figure, the US Census Bureau said in a report on
Monday. On an annual basis, the number was 3.8% higher.
During the first three months of 2023, construction spending stood at $403.3 billion, rising 4.3%
in comparison to the corresponding time span in the prior year.
Private construction spending was 0.3% higher month on month in March, amounting to $1.44
trillion, while public construction spending was $399.6 billion, up 0.2% on a monthly basis.
Source - https://www
.nasdaq.com/art
i cles/u.s.
-construct
i on-spending-unexpectedly-increases-in-march
or https://www
.teletrader
.com/construct
i on-spending-up-0-3-in-us-in-
march/news/details/59912544?internal=1
Addit
i onal Links:
Global construct
i on spending - https://www
.marketwatch.com/press-release/global-construct
i on-and-
infrastructure-market-2023-2030-is-booming-in-upcoming-period-2023-04-27
Construct
i on material costs - https://electricalindustry
.ca/latest-art
i cles/1319-higher-material-costs-
raise-q1-apartment-building-construct
i on-price-index/
Climate change costs - https://www
.ncei.noaa.gov/access/billions/
T
echnology - https://companycam.com/blog/top-10-construct
i on-technology-trends-shaping-the-
industry?T
ag=%2BConstruct
i on%2BW
orkflow&Author=Ralitsa+Golemanova&gclid=CjwK
CAjwxr2iBhBJEi
wAdXECw5QuWjVJZQMSgSf2cNILZ2Cb5iCKtDcKsrVxlG7hZX-wgNlR0RD_Ax
oCppgQAvD_BwE
Resident
i al - https://www
.analyt
i csinsight.net/7-important-trends-upcoming-changes-in-resident
i al-
construct
i on/