2016 年 6 月，建筑业新订单指数为 58.8%，比上月上升 6.7 个百分点，创年内新高，表明建筑业市场需求增加，扩张动力有所增强。建筑业不断加快内部改革和产业升级，拓展新业务、新领域， 2016 年 1～ 6 月，建筑业总产值同比增长 7%，较上年同期回升 2.71 个百分点。 1～ 6 月，房地产回暖势头见顶，需求收缩，呈供应强、需求弱的局面，建筑业房屋建筑施工面积同比增长 2%，回升乏力。 1～ 6 月，市场环境偏紧，建筑行业的投资积极性不高，建筑业固定资产投资，同比仅增长 1.1%

建筑行业资产负债率常年高企，除银行和非银外，稳居第一。行业的发展依赖“项目-垫资-回款低于垫资-融资……”的模式，资金密集、周期长、回款难、经营性现金流差成为行业痛点。同时，行业整体发展较为成熟，债权融资成为首选。从细分领域来看，分化之势犹存，建筑工程、装饰板块债权融资比例、资产负债率相对较高。

基建强劲，地产回落。基建投资保持高增速，中期有望持续。1-6月基建投资累计同增20.9%，当月同增23.2%。往后看基建投资仍有望保持高增速。6 月份信贷数据来看，新增人民币贷款与社会融资规模均大幅超出预期，将会在后期逐步反映到投资端。而微观层面看，目前一批重大基建项目也在逐步落地。地产回落，中长期看好地产销售。本月地产销售增速继续下滑。1-6 月销售面积同增27.9%，当月增速14.6%。销售的回落也直接影响到了地产投资热度以及新开工情况。中

6 月地产、民间投资数据仍在下行，政府具有稳增长动力，特别是 G20 会议之前，货币政策、汇率政策应处于友好环境，继续建议投资者耐心布局水泥行情。1）淡季接近尾声，本轮小周期复苏四季度仍将体现；2）供给侧改革预期渐起，中长期产能出清可期；3）板块安全边际足，PB 历史底部。推荐冀东水泥、海螺水泥、华新水泥以及中建材、中材集团国企改革标的宁夏建材、祁连山。

2016上半年，上证综指下跌19.4%，建筑行业中国际工程承包（-13.8%），幕墙（-15.7%）、园林（-16.1%）等少数几个子行业跑赢指数

Construction robots are mainly used for basic tasks in building construction and civil engineering projects. These tasks include concreting, building, connecting, attaching, coating, covering, jointing, positioning, finishing, demolishing, drilling, tunneling, earthmoving, scaffolding, inspecting, and repairing elements.

The employment to population ratio in the US was at 68.21% in 2015. The ratio had declined during the global recession of 2008-2011, but since the country’s recovery from the crisis, the number has improved steadily. In February 2015, a total of 4.65 million people were separated from their jobs (this number includes involuntary layoffs, voluntary quits, discharges, and other separations like retirements). In that same period, approximately 4.92 million people found new jobs. These numbers are indicative of positive economic developments in the country, and will have a favorable impact on the economy at large.