Engineering and Construction Costs Continue to Contract in August, IHS Markit Says

ngineering and Construction costs fell in August, according to IHS Markit (NYSE: INFO) and the Procurement Executives Group (PEG). The current headline IHS Markit PEG Engineering and Construction Cost Index registered 41.8 in August, another drop from July’s figure of 43.4. Both the materials and equipment and the sub-contractor portions of the index came in below 50, indicating falling prices.

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