- Construction executives surveyed by Engineering News-Record kept the Construction Industry Confidence Index in positive territory during the second quarter of the year, though lower than the previous period.
- The index went to 52 from a 54 in the first quarter, but any number over 50 indicates more optimism than pessimism about the prospects for construction business in the next three to six months and 12 to 18 months out.
- The index from the survey done in late May and early June is based on responses from 449 executives.
From the article: "For many in the industry, the construction market seems to have stabilized and is beginning to show signs of life. However, there are concerns among owners, both public and private, about the availability of funds to launch new capital programs. ..."