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First Quarter Looking Up

FMIFebruary 21, 2014 – Things continue to look up! FMI’s First Quarter Nonresidential Construction Index report 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 percent 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: Hiring talented people, finding profitable work; and uncertainty in the direction of the government, especially regarding decisions directly affecting the economy.