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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.

Mexico’s construction industry continues to recover

According to the latest Monthly Business Opinion Survey conducted by INEGI, confidence in the construction industry continued to expand.

Turkey’s widening trade deficit expected to constrain construction output growth

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.

The UK’s construction industry expands but faces multiple challenges

While the UK construction industry is expected to rise this year, there are challenges such as rising inflation and material costs.

Falling permits and rising interest rates to impact residential construction growth

Residential construction in Australia is expected to be impacted by changes in permits and interest rates in 2022.