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From www.fmi.net, May 29th, 2013
RALEIGH, N.C. (May 29, 2013) –
FMI, a leading provider of management consulting and investment banking to the
engineering and construction industry, announces the release of The 2013 Second Quarter Nonresidential Construction Index
report. The NRCI score of 60.1 is a
2-point improvement over Q1 and the highest score for the NRCI index since its
inception in Q1 2009.
FMI, a leading provider of management consulting and investment banking to the
engineering and construction industry, announces the release of The 2013 Second Quarter Nonresidential Construction Index
report. The NRCI score of 60.1 is a
2-point improvement over Q1 and the highest score for the NRCI index since its
inception in Q1 2009.
This isn’t a bullish trend yet, but it demonstrates that
the nonresidential construction market continues to push upward. However, the
index for the overall economy rose 7.9 points and the combined index sentiment
for economies where panelists are doing business rose 5.8 points. Current
issues for the Q2 NRCI include the effects of sequestration on public and
private construction. The majority of the respondents expect only a 0 to 4
percent reduction in their public works projects due to sequestration.
the nonresidential construction market continues to push upward. However, the
index for the overall economy rose 7.9 points and the combined index sentiment
for economies where panelists are doing business rose 5.8 points. Current
issues for the Q2 NRCI include the effects of sequestration on public and
private construction. The majority of the respondents expect only a 0 to 4
percent reduction in their public works projects due to sequestration.
Panelists for this quarter’s NRCI also responded to
questions about potential labor shortages after losing more than 30 percent of
the construction labor force during the recession. The majority of panelists
reported few labor shortages at this time. Looking at a year from now, 22
percent of panelists expect severe shortages for construction laborers, as well
as shortages for select tradespeole.
questions about potential labor shortages after losing more than 30 percent of
the construction labor force during the recession. The majority of panelists
reported few labor shortages at this time. Looking at a year from now, 22
percent of panelists expect severe shortages for construction laborers, as well
as shortages for select tradespeole.
To download a copy of the full report, please log in. For reprint permission or to schedule an
interview with the author, please contact Sarah Vizard Avallone at 919.785.9221
or savallone@fminet.com.
interview with the author, please contact Sarah Vizard Avallone at 919.785.9221
or savallone@fminet.com.
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