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US residential construction to remain weak in 2023
This weakness is attributed to a fall in construction starts of one-unit houses (-28.6% YoY) and two-to-four-unit houses (-31.8%).
Continued weakness in construction activity and employment in Brazil in Q1 2023
Brazil’s ICEI in the industry deteriorated in the first four months of 2023, dropping to 50 in April 2023.
US residential construction weakness bears down on construction spending
The residential sector’s share of the construction market has dropped over recent months.
After stability in late 2022, the UK construction industry is set to weaken
Following a stagnant second half of 2022, the UK construction industry is expected to weaken in 2023.
UK construction shows resilience, but major challenges ahead
The performance of the construction industry in the third quarter has been widely taken as a sign of its resilience.
US construction spending data highlights struggles in residential sector
The residential sector in the US has shown deceleration in MoM growth in the past few months, with a decreasing trend from May 2021.
IIJA funding starts to flow
Eight months after the IIJA was passed, funding has started to feed down to agencies, states, localities, and communities.
Infrastructure to drive growth in China, amid residential weakness
With home buyers deterred, housing sales have suffered.
EU Recovery and Resilience Facility to limit the downturn in construction
The construction sector in Europe is set to see a boost through the EU Recovery and Resilience Facility, which will help EU member states.
Project delays in India’s major project pipeline continues to rise in May 2022
Projects in the road transport and highway sector account for the highest share of projects in the pipeline.