Tag: forecasts
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North American construction market forecasts steady growth through 2028
Global construction consultant Linesight has released its latest Construction Market Insights report, revealing that the North American construction industry continues to gain momentum, fueled by mission-critical sectors, despite the uncertainty surrounding US tariffs and global trade. Despite global trade uncertainty and the ongoing impacts of US tariffs, the industry is anticipating steady growth. In 2024, the US…
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Fed holds main rate steady, forecasts higher inflation, slower growth
Dive Brief: The Federal Reserve on Wednesday kept the main interest rate at a range between 4.25% and 4.5% while forecasting higher inflation and slower growth for 2025. In a median forecast, Fed officials estimated that their preferred measure of inflation — the core personal consumption expenditures price index less volatile food and energy prices…
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BCIS forecasts 17% building costs increase over next five years
Dr David Crosthwaite, chief economist at BCIS, said: “Industry sentiment data continues to present positive readings, although since the autumn budget these are now less optimistic than at the time of our previous forecast in September, when the headline S&P Global UK Construction Purchasing Managers’ Index reached a 29-month high. View the original article and…