Dive summary:
- The Construction Industry Confidence Index tracked by Engineering News Record (ENR) through quarterly surveys of executives at contracting, subcontracting and design companies has gone well above the tipping point of 50 for the first quarter of this year.
- Based on responses from 376 executives among 3,000 who received the survey, ENR says the survey now stands at 64 on its zero to 100 scale after 87% of respondents said the economy has stabilized or is growing.
- In the last quarter of 2012, when the index was at 50 and 30% of the respondents said they thought the economy was still going downhill.
From the article:
Survey participants are not unanimous in believing the recession is over, nor are industry execs ready to declare that happy days are here again. But there is a general feeling that the worst is behind us. ...