1、Global Construction MonitorQ1 2026ECONOMICSResponses were gathered in conjunction with the following organisations:ECONOMICSCost pressures intensify and credit conditions outlook deterioratesThe Q1 2026 results from the RICS Global Construction Monitor show the headline Construction Sentiment Index(
2、CSI)ticking up modestly to a global reading of+8,from+7 in Q4 2025,leaving the metric in slightly firmer positive territory.Beneath this broadly stable headline however,the underlying picture is more nuanced,with notable rotation evident at both the regional and country levels.Cost-related pressures
3、 have intensified materially over the quarter,with the twelve-month cost projections rising across all components,and respondents increasingly citing geopolitical tensions in the Middle East as a contributing factor.Credit conditions expectations have also deteriorated significantly,with the twelve-
4、month outlook turning sharply negative for the first time in some quarters.Set against this,forward-looking workload expectations remain broadly supportive,particularly for infrastructure.Regional rotation as MEA momentum eases and APAC stabilisesChart 1 presents the CSI at a broad regional level.Th
5、e most striking development this quarter has been a significant moderation in the MEA region,where the headline index fell to+8 in Q1(from+29 in Q4),pointing to a marked easing in growth momentum after several quarters of consistently strong readings.The Americas also softened slightly,with the CSI
6、moving to+21(from Global Construction Sentiment Index broadly steady,but significant rotation seen in regional and country-level performance Materials cost pressures intensify markedly,with twelve-month cost projections rising sharply across the board Credit conditions outlook deteriorates significa