Dow Inc. management addressed the current economic environment during a presentation at the Morgan Stanley Conference, highlighting specific headwinds facing the building and construction sectors.
The company stated that current mortgage rates, which are reported to be at 7 percent, are weighing on the building and construction industries. This sentiment was shared by other participants at the conference, indicating a broader industry concern regarding the cost of borrowing for housing projects.
Despite these challenges, Dow Inc. executives noted that the company is seeing positive momentum in the data center market. This segment was identified as providing a counterbalance to the slowdown in construction activity.
