Nonresidential Construction Index remains constant

FMI, a leading provider of management consulting and investment banking to the engineering and construction industry, released its “2013 Third Quarter Nonresidential Construction Index” report, which shows an NRCI score of 60.3 – a .2-point improvement over Q2. While the numbers aren’t drastically rising, the sustainability and continuing upward movement is encouraging. This score remains the highest score for the NRCI index since Q1 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. Additionally, investments in technology, equipment and training are needed to keep the economy from going stagnant. To download a copy of the full report, click here.