An Executive Digest of the Industry: Survey Finds 'Measured Optimism' for Construction Industry Recovery

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Survey Finds 'Measured Optimism' for Construction Industry Recovery

ENR

New York, NY - The construction industry is signaling that industry conditions may begin to improve over the next 12 to 18 months, according to a survey in today's issue of Engineering News-Record (ENR) magazine and on ENR.com, published by McGraw-Hill Construction. The ENR Construction Industry Confidence Index (CICI) for the first quarter of 2010 shows that construction and design firm executives are not confident that the industry recession will end in 2010, but a slow and steady recovery is expected into 2011.

The Q1-2010 CICI, which measures industry sentiment for market sectors and trends, is 34 on a scale of 100, where a value of 100 indicates an improving market and a value of 50 indicates a stable market. While still well-below an index of 50, the index shows a distinct improvement over last quarter (up three points from 31 in Q4-2009) and last year (up nine points from 25 in Q1-2009). The index is based on 705 responses to surveys sent to more than 2,000 domestic firms on ENR's lists of leading contractors and engineering firms........read more

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Posted by ProTech at 3/30/2010 3:30 PM

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