The global construction industry experienced a 55% drop in company filings mentions of future of work in Q3 2023 compared with the previous quarter, with the highest share accounted for by ABB with 61% year-on-year decrease, according to GlobalData’s analysis of over 415 construction company filings. GlobalData’s Construction: Filings Trends & Signals Q3 2023 report delves into earnings call transcripts and quarterly reports within the construction industry, extracting trends, signals, and comparative data to help businesses assess their performance, identify competitive intelligence, evaluate risks, and gain a comprehensive understanding of key industry events. Buy the report here.
Notably, future of work was one of the most frequently referenced themes in Q3 2023, ranking highest in terms of mentions, ahead of sports viewership and environment, according to GlobalData.
Of the top leading companies in the construction industry, ABB had the greatest increase in references for future of work in Q3 2023, compared with the previous quarter. GlobalData identified 12 future of work-related sentences in the company's filings - 2% of all sentences - and a decrease of 61% in Q3 2023 compared with Q3 2022. Parker Hannifin’s mentions of future of work rose by 29% to 9 and 3M’s by 133% to 7 and Honeywell International’s by 600% to 7 and Cummins’s by 300% to 4.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for future of work in Q3 2023 was 101.
For further understanding of GlobalData's Construction: Filings Trends & Signals Q3 2023, buy the report here.