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.