AD is reporting that member sales in the first three months of 2023 reached a new Q1 record of $18.3 billion, an increase of 6 percent across 14 divisions and three countries.
FMI Corp. released its quarterly construction services outlook, titled “2023 M&A Outlook for Construction Services.” The outlook includes the company’s research on current trends that could affect how 2023 will look for construction services.
The Marcum Commercial Construction Index for the third quarter of 2022 reports that the construction industry remains constrained by labor shortages and elevated materials prices, but now also faces a rapidly deteriorating economic outlook and severely elevated borrowing costs. While some construction segments retain momentum, there are signs that broader economic weakness have begun to drag on the industry.
On Oct. 27, the Equipment Leasing & Finance Foundation released the Q4 update to its 2022 Equipment Leasing & Finance U.S. Economic Outlook, forecasting 5.9 percent growth in equipment and software investment and 1.8 percent growth in GDP this year.
ConstructConnect, a provider of construction information and technology solutions in North America, announced the release of its Spring 2018 Forecast Quarterly Report. From 2019 through 2022, the total construction starts forecast remains unchanged with an almost 5.0 percent average annual rise.
