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Construction Industry Looks to 2023

CFO News Room

As 2022 closes and 2023 begins, we spoke with the members of our senior sales team for the construction industry to get their thoughts on the challenges construction companies will face in the new year. They have been through many business cycles and have seen construction businesses thrive, survive, and fail.

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India can look for another year of solid economic performance: CEA

CFO News

Enthused by higher than expected GDP number in the fourth quarter of FY23, Chief Economic Adviser V Anantha Nageswaran on Wednesday said India can look for another year of solid economic performance. per cent on account of better performance by agriculture, manufacturing, mining and construction sectors.

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Home Construction Rebounds In May, But Trouble Lingers

PYMNTS

home construction collapsed in March, the sector rebounded in May after steep declines caused by COVID-19 shutdowns, according to the U.S. But last month’s numbers are 8.8 For the first time since U.S. Census Bureau and the Department of Housing and Urban Development. Building permits in May increased by 14.4

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Sibos Conference Opens In China For First Time

Global Finance

In moving to Beijing from Toronto, SWIFT hopes to enhance its position as a global provider of secure financial messaging services, since the city is home to most of China’s biggest companies and the largest number of Fortune Global 500 companies in the world.

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The UK Construction Sector’s B2B Payment Practices Crumble

PYMNTS

28) concluded that 55 percent of companies in the construction subcontracting industry feel powerless to influence the payment terms of their contracts with larger construction companies. That’s more than the number of small subcontracting firms that say skills shortage and U.K. Research published Monday (Nov. ”

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Construction Is Trying — Really — To Move Away From Paper

PYMNTS

Visit a construction job site and – along with the water coolers, chain link fences, portable toilets and tools – chances are you will come across stacks of papers, including plans, permits and invoices. The cost of late payments in commercial construction runs $40 billion annually, according to one recent industry report.

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Latest Economic Stimulus Package On Hold

PYMNTS

That number is expected to rise soon as the Federal Reserve Board issues business loans under the Main Street Lending Program. million as leisure and hospitality, construction, education and health services, and retailers added jobs. The labor market may have hit bottom in May,” Powell said.