Summary

• Engineering and construction costs are still increasing in June, but less respondents are seeing higher prices.
• The materials and equipment indicator softened in June, with the overall diffusion index declining 10.6 points to 74.7 compared to May.
• The subcontractor pricing sub-indicator remained virtually unchanged in June, edging down just 0.2 points to 51.9.

Engineering and construction costs are still increasing in June but less respondents are seeing higher prices, according to the Engineering and Construction Cost Indicator from PEG and S&P Global Market Intelligence.

The headline Engineering and