Construction activity slows down in Europe amid costs and labour shortages

Mike Hayes Consultant Editor, Construction Europe / KHL Content Studio

28 June 2023

Construction businesses throughout Europe are seeing activity decline, due to soaring costs and interest rates and material and labour shortages, a new report says.

The International Construction Market Survey (ICMS) by consultancy Turner & Townsend also reveals that adverse economic conditions have negatively impacted confidence and private investment in the sector.

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