U.S. industry-sponsored report says world capacity exceeds demand by more than 50%.

BLS reports industry's August rate dips to 5.1% from year-earlier 6.1% but rises from July's 4.5%

Office construction surged 25% from year-earlier total but educational buildings sector dipped 5%.

Across the continent big building firms continue to take a wait-and-see approach, although some market strategists say now is the time to get ahead of events.