Industry trends : Construction

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      <subfield code="a">Civil engineering drives industry, while economic conditions still weigh on residential construction activity. The global construction industry is facing modest growth in 2024. We expect global construction output to increase by 2.0% in 2024 (up 3.7% on 2023). Growth in advanced economies is predicted to be 1.8%, while building activity in emerging markets will likely increase by 2.2%. China's ongoing real estate turmoil and downgraded investment profiles are weighing on global construction prospects</subfield>
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