RICS：2025年第四季度全球建造行业监测报告（英文版）（18页）.pdf

1、Global Construction MonitorQ4 2025ECONOMICSResponses were gathered in conjunction with the following organisations:ECONOMICSModest softening in global construction sentiment,though forward-looking indicators remain positiveThe Q4 2025 results from the RICS Global Construction Monitor indicate a slig

2、ht moderation in overall market momentum compared with the previous quarter.Reflecting this,the headline Construction Sentiment Index(CSI)recorded a global reading of+7,down from+12 in Q3,though this still sits in positive territory.More encouragingly,respondents expect workloads to strengthen over

3、the year ahead,particularly in the infrastructure sector,while construction cost inflation projections remain relatively tame compared with the elevated levels seen in recent years.Regional divergence becomes more pronouncedChart 1 presents the CSI at a broad regional level.As has been characteristi

4、c throughout 2025,sentiment remains strongest across the MEA region,where the headline index registered+29 in Q4(unchanged from Q3),continuing to reflect solid growth momentum.The Americas likewise posted an upbeat reading of+25(compared with+20 in Q3),maintaining a resilient backdrop supported by s

5、ome slightly stronger readings at the country level.Alongside this,Europes CSI softened a touch to+14(from+18 in Q3),marking a modest easing in the regions recent recovery momentum,although the latest reading still represents a considerable Global Construction Sentiment Index eases modestly but rema

6、ins in positive territory MEA and Americas continue to show solid momentum,while APAC resumes contraction Twelve-month expectations point to strengthening infrastructure workloads;cost inflation projections remain relatively moderate compared with previous yearsimprovement on those returned twelve m