Global Survey: Infrastructure, Residential Work Driving Recovery
Global construction began to rebound in the fourth 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, nonresidential and infrastructure sectors, as well as company profit margins, registered at +3 for the quarter, after sitting at -9 in the third quarter of the year.
North America's index came in at +5 overall, with the U.S. and Canada registered a +9 and +19, respectively.