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More evidence that data centres are propping up US construction spending
Continued strong spending on data centre projects is masking weakness in other areas of the US construction sector
Material price rises could be ‘a real headwind’ to construction activity
Construction input prices in the US increased by 1.3% in February, as the cost of key resources rise even before the impact of the Middle East conflict
US construction job openings hit their highest level since 2022
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The number of construction job openings in the USA hit 459,000 on the final day of November 2023 – the highest level since the end of 2022.