Global construction is in recovery, according to the Royal Institution of Chartered Surveyors Global Construction Monitor. Its latest activity index, which measures current and expected workloads in residential, non-residential and infrastructure sectors, as well as company profit margins, rose to +14 in the first quarter of 2021 from +3 in the fourth quarter of 2020.
While two-thirds of survey respondents reported concern over rising material prices, construction activity rose in all four reported regions.