Heavy
Highway
and Civil
Contractors
• New projects decreased 74% compared to Q3 and Q4
of 2022; they decreased 73% in 2023 as compared
to 2022.
• Contract values decreased 38% compared to Q3 and
Q4 of 2022; they decreased 45% in 2023 as compared
to 2022.
• Hiring increased 1.2% compared to Q3 and Q4 of
2022; it decreased 2% in 2023 as compared to 2022.
• Cash flow increased 62% compared to Q3 and Q4 in
2022; it increased 77% in 2023 as compared to 2022.
Key Takeaways by Vertical
15
Construction Activity Index - Q3 & Q4 2023 ©Trimble Viewpoint, Inc. All Rights Reserved.
