Global construction experienced significant COVID-19 impacts in the second quarter of 2020, reports the Royal Institution of Chartered Surveyors (RICS) Global Construction Monitor. Its Global Construction Activity Index, which measures current and expected workloads in residential, non-residential and infrastructure sectors, as well as company profit margins, registered at -24 for the quarter.
North America's index came in at -14, while Asia Pacific and Europe registered at -26 and -27, respectively. The index for the Middle East and Africa was the lowest at -40.