AACE is proud to collaborate with RICS on its Global Construction Monitor.
The Global Construction monitors are a sentiment indicator of the construction and infrastructure markets in the US, UK, Europe, Asia Pacific, North America, Middle East and Africa.
Highlights from Q4 Global Construction Monitor
In Q4 2022, the global Construction Activity Index (CAI) improved slightly from +3 to +8 driven by a strengthening outlook in the infrastructure sector, where a net balance of +23% respondents reported an increase in workloads.
From a regional perspective, the Middle East and Africa region displayed the strongest momentum, with the headline index rising from +20 to +25. Meanwhile the feedback is flatter in Europe and APAC despite the latest CAI moving up from -10 to -2 and from -1 to +7 respectively.
At a global level, cost of materials, financial constraints, along with skills and labor shortages were considered to be the main factors holding back construction activity, even though material and labor cost projections are a little less elevated than previously.
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