News With US shutdown over, the data’s coming back. It’s not looking good Data has begun seeping out of US federal agencies again after the longest shutdown in history, and the picture for August – the latest month for which numbers are available…
News AI and cloud boom sparks $7tn global data centre buildout The rapid growth of artificial intelligence and cloud computing is driving a global construction surge for data centres with some projects now costing more than $20bn, according to a new…
News October eurozone output was awful, but there are positive signs First, the bad news: Last month, eurozone construction saw its steepest drop in activity since March. In Germany, the sector was described as “sinking deeper into the proverbial swamp” while,…
Trends Can we build it? We’re not sure: Supply chain unease for AI infrastructure A snapshot of the global data-centre construction market reveals rising costs and unease over the construction supply chain’s ability to meet soaring demand. The vulnerabilities are both human and systemic.…
Perspectives What construction firms really think about AI A new global survey quizzed construction executives about their AI plans, actions and perceptions. The results suggest the “AI revolution” is some way off. In February 2021, two US economists…
News US building jobs plunge to near decade low The construction industry had only 188,000 job openings in August, down 38% from the month before and 38% from August 2024, according to analysis of US Bureau of Labor Statistics…
Markets UAE construction is booming as Dubai remains world FDI champion Annual construction output in the UAE is projected to swell to $130.8bn by 2029, up from the record $107.2bn seen in 2024, according to property consultancy Knight Frank. “The UAE…
News US labour and materials costs rise as builders await tariffs The cost of materials and services used in nonresidential construction in the US rose 0.2% from May to June and 2.3% from June last year, the biggest 12-month increase since…
Machinery, News Volvo CE reports 6% decline in sales citing ‘industry challenges’ Volvo Construction Equipment has issued its 2025 second quarter report showing sales falling in Europe and North America, which the company attributes to market uncertainty. Despite this, the company’s net…
News Trump’s policy chaos is shrinking private construction, employers group says US construction spending in May saw its biggest year-on-year slump in six years as developers delay or cancel projects amid confusion over US President Donald Trump’s policies on tariffs, labour…
News Prices up, confidence down after 100 days of Trump 2.0 Tuesday marked the 100th day of President Donald Trump’s second term in office and there are signs of stress and jitters in the US construction industry, with rising prices, falling…
Markets Forget fashion, Milan is now Europe’s hottest data centre hub Several of the world’s leading data centre hyperscalers are eyeing Northern Italy – and Milan, in particular – to expand their footprint. This has nothing to do with the catwalks.…
Machinery, News India’s equipment market to ‘double in next five years’ India’s construction equipment market is set to double in size over the next five years, according to a report by Pune-based industrial consultant Maximise Market Research (MMR). It will reach…
Markets Trump pauses tariffs after markets slide US President Donald Trump sowed more tariff confusion on Thursday when he paused the 25% tariffs on all goods coming into the US from Canada and Mexico that he put…
Companies Lower-risk projects see Hochtief’s profits soar in 2024 German contractor Hochtief has seen a 20% increase in turnover to €33.3bn and a 48% rise in nominal net profit to €776m. Announcing its 2024 results, chief executive Juan Santamaría…
News US trade body names best American contractors The Associated Builders and Contractors (ABC), a US trade body, has published its list of America’s best contractors in various fields. The results are judged by the total number of…
News ‘DOGE’ job cuts will hurt energy infrastructure and housing, senators say US senators are demanding answers from the Trump administration over what they say are damaging consequences for energy infrastructure and housing after deep and sudden staffing cuts at government departments…
Markets Growth predicted for European construction Management consultant Bain & Company predicts a recovery in some of Europe’s biggest construction markets in 2025 after a two-year slump over 2023-24. Its analysis covers the UK, the Nordics,…