Engineering And Construction Survey: Growth Expectations Tempered By Murky Conditions

The global engineering and construction industry notched a strong performance in recent years, with continued post-pandemic recovery reflected in broad revenue growth across all sectors and geographies. While the overall outlook is favorable, the economic backdrop remains murky and several industry-specific challenges need to be considered.

Government support programs such as the U.S. Infrastructure Investment and Jobs Act; the Inflation Reduction Act (IRA); and the CHIPs Act drive positive sentiment. These will:

• Fund investments in civil construction, water infrastructure, affordable housing, mass transit, and technology infrastructure.
• Address climate change and energy affordability/security via investments in electrification, grid resiliency, storage, renewables, and EV infrastructure.