Engineering and Construction Costs Continue to Increase in May as Materials Prices Remain Elevated
May 29, 2025
Engineering and construction costs increased again in May, 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 71.9 this month, but remains elevated. The sub-indicator for materials and equipment costs decreased 3.7-points to 72.0 while the sub-indicator for subcontractor labor costs fell to 71.4 in May from 82.4 in April.
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