Nonresidential construction index rises slightly for Q4-2012
The NRCI rose less than one point to 55.5 for the fourth quarter. Concerns for the future include the rise of material costs and reduced productivity.
FMI released its Fourth Quarter Nonresidential Construction Index report. The NRCI of 55.5 is less than one point up from last quarter.
Panelists are slightly more positive about the national and local economies. However, views about the economic strength of their own businesses continue to fall. Reasons cited include a reduction in backlogs, the continued rise of material costs and lower productivity. This quarter, the panelists discuss:
- Delays and cancellations
- Changes in project size
- Energy related construction activity
- Market opportunities
- Experiences with the Office of Federal Contract Compliance
The full report can be downloaded here.
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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