Construction Equipment Industry Report: April 2024 is Here! ️ My report highlights significant economic indicators, including exchange rates, inflation rates, GDP growth, GST collections, and trends in crude oil, steel, and iron ore prices. It also delves into the major trends driving growth in the construction industry, such as technological adoption, sustainability focus, skilled labor challenges, digital transformation, and government support. Furthermore, the report discusses major infrastructure projects undertaken in April 2024, along with top tenders floated and awarded during the same period. It provides insights into the demand drivers for India's construction equipment industry and forecasts strong revenue growth for the sector in FY2025.
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In April, construction input prices rose by 0.5%, driven by significant increases in crude petroleum and unprocessed energy materials, which went up by 10.6% and 8.2% respectively. Although prices for iron, steel, asphalt, and gypsum products declined, the overall rise in input prices has led to increased inflation concerns. Nearly 25% of contractors expect their profit margins to shrink in the next two quarters due to these rising costs (ABC). https://lnkd.in/epJu5Vg4
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In April, construction input prices rose by 0.5%, driven by significant increases in crude petroleum and unprocessed energy materials, which went up by 10.6% and 8.2% respectively. Although prices for iron, steel, asphalt, and gypsum products declined, the overall rise in input prices has led to increased inflation concerns. Nearly 25% of contractors expect their profit margins to shrink in the next two quarters due to these rising costs (ABC). https://lnkd.in/eDBrknsT
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Wondering how construction input prices have changed? Some key inputs -- crude petroleum, natural gas, and lumber -- are down significantly from a year ago. But others such as concrete products, machinery and equipment, and iron and steel saw increases. If market fluctuations are a concern for your project budgets, reach out to me for options to manage the risk of volatility in 2024.
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Wondering how #construction input prices have changed? Some key inputs -- crude petroleum, natural gas, and lumber -- are down significantly from a year ago. But others such as concrete products, machinery and equipment, and iron and steel saw increases. If market fluctuations are a concern for your project budgets, reach out to me for options to manage the risk of volatility in 2024.
Construction input prices drop 3 months in a row
constructiondive.com
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Wondering how #construction input prices have changed? Some key inputs -- crude petroleum, natural gas, and lumber -- are down significantly from a year ago. But others such as concrete products, machinery and equipment, and iron and steel saw increases. If market fluctuations are a concern for your project budgets, reach out to me for options to manage the risk of volatility in 2024.
Construction input prices drop 3 months in a row
constructiondive.com
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Wondering how #construction input prices have changed? Some key inputs -- crude petroleum, natural gas, and lumber -- are down significantly from a year ago. But others such as concrete products, machinery and equipment, and iron and steel saw increases. If market fluctuations are a concern for your project budgets, reach out to me for options to manage the risk of volatility in 2024.
Construction input prices drop 3 months in a row
constructiondive.com
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Wondering how #construction input prices have changed? Some key inputs -- crude petroleum, natural gas, and lumber -- are down significantly from a year ago. But others such as concrete products, machinery and equipment, and iron and steel saw increases. If market fluctuations are a concern for your project budgets, reach out to me for options to manage the risk of volatility in 2024.
Construction input prices drop 3 months in a row
constructiondive.com
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Wondering how #construction input prices have changed? Some key inputs -- crude petroleum, natural gas, and lumber -- are down significantly from a year ago. But others such as concrete products, machinery and equipment, and iron and steel saw increases. If market fluctuations are a concern for your project budgets, reach out to me for options to manage the risk of volatility in 2024.
Construction input prices drop 3 months in a row
constructiondive.com
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Wondering how #construction input prices have changed? Some key inputs -- crude petroleum, natural gas, and lumber -- are down significantly from a year ago. But others such as concrete products, machinery and equipment, and iron and steel saw increases. If market fluctuations are a concern for your project budgets, reach out to me for options to manage the risk of volatility in 2024.
Construction input prices drop 3 months in a row
constructiondive.com
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Wondering how #construction input prices have changed? Some key inputs -- crude petroleum, natural gas, and lumber -- are down significantly from a year ago. But others such as concrete products, machinery and equipment, and iron and steel saw increases. If market fluctuations are a concern for your project budgets, reach out to me for options to manage the risk of volatility in 2024.
Construction input prices drop 3 months in a row
constructiondive.com