ACBM staff Engineering and construction costs maintained their upward movement in May, driven at least in part by rising costs to ship materials from key markets to the U.S. The latest IHS Markit PEG Engineering and Construction Cost Index (ECCI), produced jointly by IHS Markit and the Procurement Executives Group (PEG), shows costs rose for the seventh straight month, with survey respondents reporting widespread price increases across all index components. As a result, the ECCI moved up 6.3 points to a 78.8 reading in May. The materials and equipment sub-index saw its sixth consecutive monthly increase, rising 4.6 points to 83.1. The subcontractor labor index came in at 68.6, up 10.3 index points from April.