The residential sector’s share of the construction market has dropped over recent months.
Following a stagnant second half of 2022, the UK construction industry is expected to weaken in 2023.
The performance of the construction industry in the third quarter has been widely taken as a sign of its resilience.
The residential sector in the US has shown deceleration in MoM growth in the past few months, with a decreasing trend from May 2021.
Eight months after the IIJA was passed, funding has started to feed down to agencies, states, localities, and communities.
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With home buyers deterred, housing sales have suffered.
The construction sector in Europe is set to see a boost through the EU Recovery and Resilience Facility, which will help EU member states.
Projects in the road transport and highway sector account for the highest share of projects in the pipeline.
According to the latest Monthly Business Opinion Survey conducted by INEGI, confidence in the construction industry continued to expand.
Despite the boost to export industries coming from the weak lira, the rise in exports has been offset by a sharper rise in the value of imports.