Issue link: http://psai.uberflip.com/i/954030
21 2018 INDUSTRY RESOURCE DIRECTORY Industry Data Outlook A review of external data from multiple sources and PSAI Member feedback projects average annual growth in revenue for portable sanitation companies over the next two years, though forecasts vary from as little as 1% annually to as much as 9.5% annually depending upon the continued expansion of the economy overall and industry drivers such as construction and events in particular. • The GDP is expected to grow by 2.1 to 2.5% through the end of 2019. The effects of tax reform will be felt more fully by the end of 2018, which should promote growth, though the stock market is already somewhat overheated and an adjustment there would offset some of the effects of tax reform. Inflation should remain moderate and not negatively affect growth. • Continued expansion in construction is likely, averaging around 5%. Oldcastle Business Intelligence forecasts the following construction-related growth. • Demand due to concert and event promotion has been growing at about 5% per year. In 2018 and 2019 this trend is expected to continue, with some estimates for growth reaching as high as 9.8%. • Demand from government spending, particularly in the areas of homeland security and infrastructure, is expected to increase as the Trump administration progresses. The overall effect cannot be accurately estimated because of the lack of a federal budget and signals that the spending on security may be offset by contractions of spending in other areas. 2018 Construction Growth Outlook Total 5% Residential 6% Single family 9% Multi-family -1% Nonresidential 4% Commercial 2% Hotels -2% Office 6% Retail 1% Education 6% Healthcare 5% Public Buildings 6% Industrial 4% Other Nonresidential 0% Non-building 4% Roads and Bridges 6% Infrastructure 3% Source: Oldcastle Business Intelligence