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August’s Expansion Pace Remains Steady Yet Fewer Areas Report +20% Expansion

Michael Guckes
August’s Expansion Pace Remains Steady Yet Fewer Areas Report +20% Expansion

ConstructConnect’s Expansion Index, a monthly measure of the dollar value of construction projects in planning compared to the same month one year ago, registered 10% overall expansion in Canada and 16% for the United States for the month of August 2022.

In Canada, New Brunswick reported the fastest expansion for a second consecutive month followed by Ontario. Repeating July’s results, the provinces of Manitoba and Newfoundland and Labrador reported the greatest levels of contraction among all provinces.

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