June 12, 2012: FMI's Nonresidential Construction Index Continues to Rise
RALEIGH, N.C. — FMI, a provider of management consulting and investment banking to the engineering and construction industry, has announced the release of its second quarter Nonresidential Construction Index (NRCI) for 2012. Rising 1.7 points from the first quarter to 59.8, this is the highest confidence rating achieved since the index was developed in 2007.
Panelists said that backlogs remain about the same at a median of eight months. However, all markets, with the exception of education construction, are expected to improve slightly over the next quarter. Productivity has also shown improvement. Holding down the NRCI is the continued increase in labor and material costs.