OBOR - Engineering And Construction Costs Continue To Increase In June, But Steel Price Increases Appear To Be Waning
2025-06-26 12:08:00 ET
Engineering and construction costs increased again in June, according to the Engineering and Construction Cost Indicator from PEG and S&P Global Market Intelligence. The headline Engineering and Construction Cost Indicator , a leading indicator measuring wage and material inflation for the engineering, procurement and construction sector, saw a modest decline to 68.2 this month, but remains elevated. The sub-indicator for materials and equipment costs decreased 9.4 points to 62.7 while the sub-indicator for subcontractor labor costs rose to 81.3 in June from 71.4 in May....
Engineering And Construction Costs Continue To Increase In June, But Steel Price Increases Appear To Be Waning