FMI noted that, although the numbers aren’t significantly rising, the continuing upward movement is encouraging. This score remains the highest score for the NRCI index since the first quarter of 2009. The index for the overall economy rose to 72 points and the combined index sentiment for economies where panelists are doing business rose 3.2 points.
Cost of construction materials, cost of labor, and productivity continue to hold down the index. In addition, stated FMI, investments in technology, equipment, and training are needed to keep the economy from going stagnant.
Panelists for this quarter’s NRCI suggest that the uncertainty for investments is a result of the immigration/labor bills, delays in implementation of Obamacare, and the impact of residential growth on nonresidential construction. These issues are causing the industry to sit back and wait to see the outcomes before making any risky investments.
For more information, visit www.fminet.com.
Publication date: 9/9/2013