Nonresidential Construction Index Continues to Rise

NRCI = 58.1

RALEIGH, N.C. (February 12, 2013) – FMI (www.fminet.com), the largest provider of management consulting and investment banking to the engineering and construction industry, announces the release of The 2013 First Quarter Nonresidential Construction Index report. The NRCI of 58.1 is a 2.6-point improvement over the fourth quarter of 2012.

The improvement reflect fundamental bright spots in the economy. “Optimistic but not bullish” is the way one panelist described his outlook on hiring for his company in 2013. Reflective of this is that 45 percent of NRCI panelists expect to increase full-time direct employees by as much as 5 percent. Most noting that hiring will be based on current staff reaching a level of consistently over full work capacity. Only 9 percent report that they expect to decrease the number of full-time direct employees.

In addition, NRCI panelists are slightly more optimistic than last year at this time for growth in nonresidential construction. Nearly 50 percent expect modest growth for 2013, with 18.4 percent predicting that industry growth for the year could reach as high as five percent. However, backlogs for NRCI panelists are unchanged, holding steady at a median of 9 months.

To download a copy of the full report, click here. For reprint permission or to schedule an interview with the author, please contact Sarah Vizard Avallone at 919.785.9221 or savallone@fminet.com.

 

About FMI:
FMI is the largest provider of management consulting, investment banking and research to the engineering and construction industry. We work in all segments of the industry providing clients with value-added business solutions, including:

  • Strategy Development
  • Market Research and Business Development
  • Leadership and Talent Development
  • Project and Process Improvement
  • Mergers, Acquisitions and Financial Consulting
  • Compensation Data and Consulting
  • Risk Management Consulting

Founded by Dr. Emol A. Fails in 1953, FMI has professionals in offices across the U.S. FMI delivers innovative, customized solutions to contractors; construction materials producers, manufacturers and suppliers of building materials and equipment, owners and developers, engineers and architects, utilities, and construction industry trade associations. FMI is an advisor you can count on to build and maintain a successful business, from your leadership to your site managers. For more information, visit www.fminet.com.

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