Construction activity slows down in Europe amid costs and labour shortages
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.
The research does show, however, that construction inflation is expected to cool down, with the forecast across 16 European regions surveyed being an…
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