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North America dominates the global industrial construction project pipeline, accounting for 21.7% or US$1.03 billion of the pipeline in 4Q22, an increase of 5.1% from the previous quarter.
Construction output in North America is forecast to grow by 2.4% in 2022 despite rising material prices and interest rate hikes, says GlobalData
Construction output in North America is forecast to grow 2.4% in 2022 and is expected to reach $1.94 trillion, up from $1.89 trillion in 2021, despite rising material prices and interest rate hikes, says GlobalData.
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The sanctions placed on Russia as a result of the Russia-Ukraine conflict has led to a $237.5 billion decline in the Eastern Europe oil and gas project pipeline as restricted access to intermediate goods and international capital have halted the construction of numerous oil and gas projects, says GlobalData, a leading data and analytics company. ...