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Construction project abandonments jump as oil shock ripples through private development
A fresh rise in construction stress in March was driven by a sharp increase in project abandonments, with higher oil-related costs and disrupted trade flows adding pressure to private development.
Key Takeaways
- ConstructConnect's Project Stress Index rose 4.2% in March.
- Project abandonments jumped 22.8% month over month.
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DT Editorial Team··via utilitydive.com