Dive Brief:

• Global construction and engineering companies are feeling optimistic about the future of their businesses, they told KPMG in a survey.
• Increasing backlogs of work and margins that are either growing or, in most places, holding even are driving the outlook.
• In the Americas, 90% of the C-level executives who responded said they see their margins likely to hold steady or sometimes grow by more than 2%.

Dive Insight:

If you had not been told this was a survey of companies that work around the world, one response would give it away. Asked about the grounds for their expectations of more work, 66% of the executives cited greater government infrastructure spending. That would be an unlikely answer for domestic companies, who keep seeing both state and federal infrastructure spending going down.