ConstructConnect’s Project Stress Index for the 30-day period ending July 1, 2023, finished 9.3% lower than its year-ago level, and 2.6% higher than a week ago.
Compared to a week ago, the level of projects that were abandoned or had their bid date delayed increased, while the level of projects on hold declined. In the final week of the second quarter, only the level of projects on hold is significantly different from year-ago results, with a substantial 24% decrease. This contrasts markedly with the minimal year-on-year difference measured in the Index’s two other stress series.
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