The September Construction MMI traded sideways, falling a modest 2.56%. However, this trend will likely not continue. Supply and energy shortages continue to weigh heavily on the industrial metal and construction industries. Strains on US Construction Last month, smelter shutdowns and industrial metal slow-downs in China were not kind to the Construction MMI.
Back in July, single-family home building was under strain from rising mortgage rates. With the Fed hiking interest rates to stifle inflation, more and more people could not build homes within…Industrial Metal Squeeze Weighs On U.S. Construction
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