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17 Jun
18:02

Construction confidence falters due to labour, material shortages

The Associated Builders and Contractors' (ABC) construction confidence index reading for sales rose in May while readings for both profit margins and staffing levels fell from April's expectations, Kallanish understands. "Material prices have risen significantly over the past year and labour costs are also on the rise... All things equal, one might think this would suppress profit margin growth. Apparently, demand for construction services i…
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