Articles Tagged with ''Economics''

ENR’s 20-city average cost indexes, wages and materials prices. Historical data and details for ENR’s 20 cities can be found at ENR.com/economics

ENR’s 20-city average cost indexes, wages and materials prices. Historical data and details for ENR’s 20 cities can be found at ENR.com/economics

ENR’s 20-city average cost indexes, wages and materials prices. Historical data and details for ENR’s 20 cities can be found at ENR.com/economics

ENR’s 20-city average cost indexes, wages and materials prices. Historical data and details for ENR’s 20 cities can be found at ENR.com/economics

While each global region has its own set of challenges, a moderate escalation of construction costs is a certainty for many regions across the world.

For many contractors in 2022, concrete availability and pricing have been serious pressure points, and observers have varying opinions on whether this could continue into 2023.

It has been a rough few years for construction equipment sourcing, as pandemic-related supply chain constraints and inflation drove up prices during busy construction seasons, but there are some signs that prices for used equipment are beginning to even out.

The recession that many economists are predicting has not yet come to pass, but construction industry executives foresee a shrinking market in 2023.

Construction activity has remained fairly strong in the fourth quarter of the year, despite continued challenges with inflation, labor and the supply chain.

ENR’s 20-city average cost indexes, wages and materials prices. Historical data and details for ENR’s 20 cities can be found at ENR.com/economics