What's Hot, What's Not (A Lot): Q3-Q4 2022 Construction Metrics Index
Fewer Construction Projects, Modest Increase in Hiring and Cashflow
Gains in Hiring and Cash Flow Show Positive Momentum
On the flip side, most verticals saw modest hiring gains, which could be a positive sign for the industry given the fact that finding qualified labor has been an issue for a long time. Interestingly, hiring was mostly consistent, even across verticals and regions, suggesting that challenges remain ubiquitous across the country.
In the same vein, most verticals, with the exception of heavy highway and civil contractors, saw a decrease in cash flow, indicating that they’re spending money on things like labor, projects and other investments in anticipation of conducting more work in the coming year. Hopefully this is a positive omen of what’s to come as we step into 2023.
To get the whole picture of the construction industry, and see how your organization compares, download the Q3-Q4 Trimble Viewpoint Construction Metrics Index now.