The last quarter upswing in global construction industry metrics, based on COVID-19 recovery due to better site protocols, has now given way to a spreading pandemic and more reimposed lockdowns. While this creates cost uncertainties in many geographies and markets, outlooks for 2021 show signs of rebound sparked by pent-up demand and improved processes, says global industry cost and trends consultant Currie & Brown in its latest data and market analyses.
Fast-tracking of a vaccine could not be more critical for Europe as its second virus wave has a more harmful impact on construction than anticipated, says the firm.