The headline index is formed by creating a weighted composite between materials/equipment (70%) and subcontractor rates (30%). Individual responses are considered raw data, are not revised and are not seasonally adjusted. The results are compiled into diffusion indexes, whereby a reading greater than 50 represents upward pricing strength and a reading below 50 represents downward pricing strength. Respondents are then asked for their six month pricing expectations among these same subcategories. The breakdown of subcategories can be found in Chart 1. Respondents are asked whether prices (either actual paid transactions or company-informed transactions) this month for individual materials, equipment, and regional subcontractor rates, were higher, lower or the same as the prior month. See full list of member companies.Įach survey response is weighted equally for every USD 2 billion in spending in North America. Results are released the last Friday of each month. Surveys are sent out to members of the Procurement Executive Group (PEG) on the first Monday of each month and are open for a two week window. The ECCI tracks industry specific trends and variations, identifying market turning points for key projects, and is intended to act as a leading indicator for wage and material inflation specific to this construction and engineering industry. The S&P Global PEG Engineering and Construction Cost Index (ECCI) is based upon data independently obtained and compiled by S&P Global from procurement executives representing leading Engineering, Procurement, and Construction firms. Overview The S&P Global PEG Engineering and Construction Cost Index
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