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Banking woes hit construction planning outlook

April 11, 2023

Several categories of commercial planning fell, led by a 29% and 11% decrease in the office and warehouse sectors, respectively. Overall commercial planning, which includes offices, retail, hotels and warehouses, dropped 6.6% in March.

Institutional planning weakened too, as healthcare and education planning dropped 17% and 6%, respectively. The overall institutional component decreased 12.9% in March.

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