Construction industry hampered by disruptions and shortages of materials and labour
According to a GlobalData survey carried out in June 2022, a high proportion of respondents stated that they had been impacted to a significant extent by…
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UK output reaches record high, but facing severe headwinds
According to the latest data published by the ONS, construction output was up by 7.4% year-on-year (YoY).
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What is holding back tech adoption in construction?
A high-volume, low-profit business needs to be scalable to remain competitive.
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Australia’s infrastructure-focused budget to drive growth, but labour concerns remain
Much like in its 2021-22 Budget, the development of transport infrastructure will constitute a sizeable proportion of new government…
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Global growth momentum facing headwinds amid geopolitical risk and soaring prices
There is a high degree of uncertainty over the short-term outlook following Russia’s invasion of Ukraine, and the war…
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Investment in BIM technology to continue to rise
BIM allows people in the construction industry to view the progress of a project before and during execution and…
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Materials prices facing renewed upward pressure following Russia’s invasion of Ukraine
Price pressures were not expected to ease significantly in 2022, owing to projections of continued high energy prices, but…
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Impact on foreign-backed projects in Russia and Russia’s investments elsewhere
In terms of planned or ongoing construction projects in Russia, although not directly impacted by the military conflict, progress…
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Assessing the fallout from Russia’s invasion of Ukraine
Although construction was expanding in Ukraine and Russia, the outlook is now bleaker because of the current military conflict.
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