| Mar 21, 2023
Market and Input Pricing Report: 2022 Review and 2023 Outlook
Major economic reports were filled with mixed signals throughout 2022. Increased inflation, persistent consumer spending, and a tight labor market pushed talks of a recession later into 2023. As the Federal Reserve proceeded with multiple rate hikes to cool the economy, higher borrowing costs curbed investor appetites for new projects. However, with the global supply chain easing, construction input pricing increased at a much lower percentage than in the previous two years.
HITT Contracting’s experts carefully monitor the impacts of these volatile conditions on our economy and our access to supplies, materials pricing, and schedules. Equipping you with these insights is our dedicated research and development (R&D) team, which has gathered relevant data and information to provide a deep dive into the current state of the economy and supply chain.
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