FMI releases Q2 Nonresidential Construction Index
FMI has released its Second Quarter Nonresidential Construction Index (NRCI) for 2012.
FMI has released its Second Quarter Nonresidential Construction Index (NRCI) for 2012. Rising 1.7 points from the first quarter to 59.8. This is the highest confidence rating ever achieved since the index was developed in 2007.
Panelists reveal that backlogs remain about the same at a median of eight months. However, all markets, with the exception of education construction, are expected to improve slightly over the next quarter. Productivity has also shown improvement. Holding down the NRCI is the continued increase in labor and material costs.
With U.S. elections and global economics dominating the headlines this year, FMI asked panelists to identify what issues may affect their business strategies. Topping the list of global issues are rising inflation as the result of U.S. monetary policy and the collapse of the European Union. Although debt default in Greece and Spain are important, they ranked considerably lower on the list of concerns.
Topping the list of election-year issues are the need to reduce spending on entitlement programs and to reduce the national debt. Since NRCI panelists are all senior executives, FMI asked them what they might do if elected president of the United States. The most mentioned action items include:
- Tax reform
- Balanced budget
- Cost cutting
- Entitlement reform
- Collaboration rather than confrontation.
- Events & Awards
- Magazine Archives
- Oil & Gas Engineering
- Salary Survey
- Digital Reports
Annual Salary Survey
After almost a decade of uncertainty, the confidence of plant floor managers is soaring. Even with a number of challenges and while implementing new technologies, there is a renewed sense of optimism among plant managers about their business and their future.
The respondents to the 2014 Plant Engineering Salary Survey come from throughout the U.S. and serve a variety of industries, but they are uniform in their optimism about manufacturing. This year’s survey found 79% consider manufacturing a secure career. That’s up from 75% in 2013 and significantly higher than the 63% figure when Plant Engineering first started asking that question a decade ago.