We use cookies on our website to show you content we think is relevant to you, to manage the technical operations of our website, and analyse our traffic to further improve our website. We may share information about your use of our site with our social media, advertising and analytics partners. By clicking "Accept", you agree to the use of all cookies as described in our Cookie statement or "Do not accept" to only use cookies strictly necessary for the functioning of the site.

Wholesale Banking

Why construction prices are surging

Labour productivity in the construction sector is growing at a much slower rate than in other sectors such as manufacturing. As a result, higher wages and increasingly expensive materials cannot be absorbed and prices are rising fast, according to a recent study by ING.

Findings in a nutshell

  • Slower growth in labour productivity in construction sector
  • Big price increases in construction sector
  • Overcapacity and reduction in investment
  • Need for flexibility makes innovation difficult.

Read more about this ING study on Think.