Watch: Top 20 construction companies by sales 2003-2022
By Neil GerrardApril 05, 2023 https://news.conexpoconagg.com/news/watch-top-15-construction-equipment-companies-by-sales-2003-2022/12614.article
This chart draws on data from International Construction’s Yellow Table, which tracks the top 50 construction OEMs across the world. For viewing clarity, this animation follows the top 15.
2023: North American Engineering & Construction Outlook: Second Quarter
Download the second quarter 2023 edition of FMI’s comprehensive economic assessment for the engineering and construction industry. They offer sector-specific trends and forecasts.
Construction Industry Poised for Savings as Producer Prices Slow
Dodge Construction Network is closely monitoring the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. The report indicates that the change in prices for final goods and services decreased slightly over the month. In the 12 months through March, the PPI increased 2.7%, a slower pace than February’s reading of 4.9%. This represents the lowest rate of growth since January 2021. This drop was largely driven by falling goods prices, particularly lower energy prices, fresh and dry vegetables, and services.
Q1 2023 recap: Construction Showing Signs of Resiliency Despite Likelihood of Recession.
Starts values predicted to remain flat amid economic downturn thanks to Chips Act, IIJA and other legislation. Read the entire article here.
The research report shows a considerable number of contractors are expecting an increase in revenue, with more than half of those (62%) attributing this to expecting more work. At the same time, a majority of contractors report a high need for skilled laborers; 72% are experiencing extreme difficulty sourcing the right workers. These contractors are also expecting to experience further attrition due to this lack of staff.
Chart from Civil Quarterly Issue 1
ABI March 2023: Business conditions improve slightly
Architecture firm clients place at least moderate priority on outcomes related to issues of health, resilience, and equity
Business conditions at architecture firms saw a slight improvement in March, following declining billings during the last five months. The AIA/Deltek Architecture Billings Index (ABI) score of 50.4 for the month indicates that a slight majority of firms reported an increase in their firm billings this month. In addition, backlogs at architecture firms ticked back up to an average of 6.9 months in the first quarter of 2023, after declining slightly in the fourth quarter of 2022. However, the pace of growth of inquiries into new projects at firms slowed in March, while the value of new design contracts declined for the first time in four months. This likely reflects the ongoing concern among clients about committing to new projects due to lingering uncertainty about interest rates and inflation.
Billings continued to decline at firms in most regions of the country in March, with only those firms located in the Midwest continuing to report growth, as has been the case for the last five months. Business conditions also remained soft at firms of all specializations, as firms with a multifamily residential specialization saw conditions weaken to the lowest level since the early days of the pandemic. Only firms with a mixed specialization, meaning that they do not receive a majority of their billings from any one category, continued to report billings growth.
Construction Input Prices Dip 0.1 Percent In March With Wide Variation Among Key Goods And Services, Adding To Uncertainty About Future Costs
The price of materials and services used in nonresidential construction inched down 0.1 percent from February to March, as plunging fuel prices outweighed increases in the cost of other goods, according to an analysis by the Associated General Contractors of America of government data released today. Association officials said new rules associated with federal funding for a range of infrastructure projects will make it hard for firms to procure materials and may drive bidders away from the projects.
“With materials costs fluctuating so much month-to-month, contractors remain wary about committing to projects with unpredictable costs and lead times,” said Ken Simonson, the association’s chief economist. “While inflation in the broader economy is settling back to earth, construction costs keep hitting updrafts.”
ABC’s Construction Confidence Index reading for sales inched higher in March, while the readings for profit margins and staffing levels fell. All three readings remain above the threshold of 50, indicating expectations of growth over the next six months.
