Compass International Inc.

Our NEWLY UPDATED 2023 Cost Databases are now available! Every year, Compass International publishes nine annual databases containing the most accurate, current, and up-to-date construction cost information applicable to 120+ countries. Read more here: https://compassinternational.net/books/

The recent major damage/leaks and disruption of the Nord Stream gas pipeline under the Baltic Sea have amplified fears of major natural gas shortages in Europe. Was this sabotage and if so, who was responsible for this? This will increase problems for European industry, especially in Germany and its citizens with the cold winter months ahead.

It looks like lower growth and higher inflation are in our future for at least the next 3 to 9 months and possibly longer. The global economy is slowing down as sky-high inflation, energy oil price spikes, supply chain challenges, the war in Ukraine, and lending rate increases continue to impact economic growth and construction activity as we move into 2023.

Learn more about what Q4 has in store for the construction industry by checking out our latest newsletter: https://bit.ly/3CRPlB8