2023 1Q Cost Report: Bank Failures, High Interest Rates Stoke Recession Fears
Description
Manufacturing and infrastructure construction remain strong spots for the industry.
Manufacturing and infrastructure construction remain strong spots for the industry.
With the economy so far navigating through recession risks, ENR’s Construction Industry Confidence Index shot up 11 points this quarter to a cautiously pessimistic 44 rating, with 68% of survey respondents seeing the current market as either
Pandemic jitters give way to seasonal price trends, but new iron is still on backorder.
As compensation for labor and staff continues to rise, executives are keeping pace and garnering some of the biggest pay increases seen in the C-suite in over 15 years.
Although ENR’s indexes measure the costs of non-residential buildings, the housing market has had a major impact on index movement.