Construction Crane Index Highlights Stable Crane Counts in Major Markets
Wednesday, 16 October 2024, 13:37
Stable Crane Counts Indicate Construction Resilience
Rider Levett Bucknall’s (RLB’s) latest Crane Index and Quarterly Cost Report reveals that 10 out of 14 major markets have seen a rise or stability in crane counts during the third quarter. This trend is indicative of a robust construction sector as it continues to navigate inflation challenges.
Key Highlights from the Crane Index
- 10 of 14 major markets show increased or stable crane counts.
- Continued decrease in cost inflation reported.
- Strong demand for construction amidst economic shifts.
Impacts on the Construction Industry
- Investor confidence boosted by stable construction metrics.
- Strategic planning in construction projects likely to benefit from favorable conditions.
- Opportunities for growth as infrastructure initiatives expand.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.