Dateline City:
EL SEGUNDO, Calif.
Materials/equipment price index also drops to all-time low
El Segundo, Calif. (February 25, 2015) — Reflecting bearish sentiment in commodity markets, construction costs fell again in February, according to IHS (NYSE: IHS) and the Procurement Executives Group (PEG). The headline current IHS PEG Engineering and Construction Cost Index (ECCI) dropped to 42.4 percent in February, down from 48.8 percent in January, and the lowest reading on record.
Language:
English
