Supported by recent stimulus funding, the state, local and education (SLED) market continued to exceed expectations despite decelerating slightly in Q2 amid growing economic uncertainty. This growth was led by purchases related to architecture & engineering, operations & maintenance, professional business services and healthcare.
The report provides a timely review of the latest contracting trends, including year-over-year growth rates by level of government and each of our 12 industries, and features our SLED Recovery Index measuring progress as the market continues to emerge from the pandemic.
In Q2 2022, the SLED market continued its resilient pace of recovery and YoY growth.
State governments published 6.0% more bids and RFPs, outpacing local and education governments.
At 16.5%, the A&E industry saw the most growth in Q2.