Nonresidential construction index reaches record high, reports FMI
According to FMI, the nonresidential construction index reaches 64.9 in first quarter of 2014.
FMI, a provider of management consulting and investment banking* to the engineering and construction industry, announces the release of the 2014 First Quarter Nonresidential Construction Index report. The NRCI shows a 7.5 point increase since the 2013 fourth quarter report, as well as a 6.8 point increase from Q1 2013. This is the highest NRCI score to date.
The increase in score comes from an optimistic view of a rising economy, as nearly half of the participants expect construction to grow up to 5% in 2014. With the increase in growth, executives are eagerly searching for talented individuals to assist and manage industry projects. Panelists with a more moderate view of the growth potential cite some additional challenges in 2014:
1. Hiring talented people
2. Finding profitable work
3. Uncertainty in the direction of the government, especially regarding decisions directly affecting the economy
To download a copy of the full report, click here.
*Investment banking services provided by FMI Capital Advisors Inc., a registered broker-dealer and wholly owned subsidiary of FMI.
- Events & Awards
- Magazine Archives
- Oil & Gas Engineering
- Salary Survey
- Digital Reports
- Survey Prize Winners
- CFE Edu
Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey