Engineering and Construction Costs Climb for Sixth Consecutive Month in April
Costs for engineering and construction materials rose for the sixth consecutive month, pushing the IHS Markit PEG Engineering and Construction Cost Index to 72.4.
April 28, 2021
Costs for engineering and construction materials rose for the sixth consecutive month in April, pushing the headline IHS Markit PEG Engineering and Construction Cost Index (ECCI) downward to 72.4, a 7.0-point decline from the March figure.
Produced by IHS Markit and the Procurement Executives Group (PEG), the ECCI is based upon data independently obtained and compiled by IHS Markit from procurement executives representing leading engineering, procurement and construction firms. It tracks industry-specific trends and variations, identifying market turning points for key projects, and is intended to act as a leading indicator for wage and material inflation specific to this construction and engineering industry.