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Global inflation gains momentum: Higher steel prices hit U.S. the hardest but effects felt worldwide

Authors :
Reina, Peter
Grogan, Tim
Source :
ENR. Dec 20, 2004, Vol. 253 Issue 24, p32, 5 p.
Publication Year :
2004

Abstract

The thirteenth annual survey of international construction costs indicates an increase of 5.2% in construction inflation in 23 countries in Europe, Asia and the Middle East, which could be attributed to the major role played by China in the international construction cost trends. The contractors in the United States were also affected by the increase in the steel prices but the contractors in Europe were affected to a lesser extent as compared to the U.S. contractors.

Details

Language :
English
ISSN :
08919526
Volume :
253
Issue :
24
Database :
Gale General OneFile
Journal :
ENR
Publication Type :
Periodical
Accession number :
edsgcl.130821562