I work in an industry that is another good indicator of the economy.
I make cement.
The facility I work at currently produces an average of 3500 tons of cement per day. And right now, we're selling every bit we make. Over 90% of what we make goes right to the Phoenix market.
In fact, we're in the planning stages right now to build another preheater/calciner kiln system along with raw and finish mills (and extra storage!) that will double our capacity to over 7000 tons per day. We're looking at over $150M before we're done. If the forecast was as gloomy as some here say it is, my employers would not be wanting to spend this kind of money. As a side note, just 40 miles to the south of me, another company is in the beginning stages of building a brand new cement plant.This is just Arizona. There are similar stories coming out of Texas, Kansas City and elsewhere.
Somebody's forecasting big things in the coming years. IF - and that's a BIG if- there's going to be a recession, it'll be short-lived.
Basics do not suffer.
Box makers do not suffer
The glamorous, image related job need not a success be.
;)
A good griend of mine that hauls heavy construction equipment hasn’t had hardly any work in 3 months so construction is going to take a super big hit here in So, Cal. shortly.
Before 3 months ago he was busy 7 days a week.