Global Construction 2024 Outlook

This commentary was produced by DBRS Morningstar, a member of IPFA. 

Credit profiles of construction companies within DBRS Morningstar’s rated universe will continue to remain supportive of their ratings in 2024. The recent positive dynamics, such as supply chain debottlenecking and moderating input cost inflation, are expected to make for a more normalized operating environment for construction companies, despite continuing to face a weak economic backdrop and inflationary price pressures, including interest rates, labour costs and continuing high construction material costs, along with the shortage of skilled labour.