Dateline City:
LEXINGTON, Mass.
Respondents expect higher materials and equipment prices in future
Construction costs contracted at a slower pace in September compared to August, according to IHS Markit (Nasdaq: INFO) and the Procurement Executives Group (PEG). The headline current IHS PEG Engineering and Construction Cost Index registered 48.1 this month, up from 45.4 in August. The materials sub-index showed prices flat, while the labor sub-index continued to record soft staffing costs, pulling the headline figure below the neutral mark once again.
Language:
English
Ticker Slug:
Ticker:
INFO
Exchange:
NASDAQ
