Nonresidential Construction Index Slowly Rises

Dec. 2, 2014

RALEIGH, N.C. (November 21, 2014) FMI, a leading provider of management consulting and investment banking* to the engineering and construction industry, announces the release of the 2014 Fourth Quarter Nonresidential Construction Index report. The NRCI shows a slight increase from 62.5 in the third quarter to 62.8 in the fourth quarter of 2014. This is nearly 5.5 points ahead of fourth quarter 2013. An NRCI greater than 50 indicates improvement or expansion.

There are many good reasons for optimism by NRCI survey respondents this quarter. The top-three are: businesses are starting to build again, backlogs are expanding and future business looks good with low inflation. A close fourth is a sense of financial security with improved balance sheets.