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Construction project abandonments jump as oil shock ripples through private development
Key Takeaways
- ConstructConnect's Project Stress Index rose 4.2% in March.
- Project abandonments jumped 22.8% month over month.
- Utility Dive linked the rise to economic disruption tied to the Iran war and oil trade flows.
- Private-sector development appears more exposed than data-center-led construction.
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DT Editorial Team··via utilitydive.com