Sources: IHS Markit Ltd., London; Procurement Executives Group
Construction costs rose again in July, according to IHS Markit and the Procurement Executives Group. The headline IHS Markit PEG Engineering and Construction Cost Index registered 51.3, down from 51.5 in June. Both material/equipment and labor had few categories with falling prices. While the material/equipment sub-index rose, the labor sub-index showed some weakness.
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