Dive summary:

• Nonresidential construction's direction is still moving toward expansion, according to consultant FMI's index for the second quarter, but it is not able to keep pace with the overall economy's improvement.
• The index stood at 60.1, up 2 points from the first quarter and the best since FMI began tracking it in the first quarter of 2009, when the economy was deep in the doldrums, but the overall economy was up 7.9 points.
• On the upside, industry panelists said they thought the mandated federal spending cuts would cut their work by no more than 4% and they would not having troubles finding workers, but 22% said that they think the shortages will begin to take a bite out of work eventually.

From the article:

This isn’t a bullish trend yet, but it demonstrates that the nonresidential construction market continues to push upward. ...