The recession everyone hoped would end quickly has now lasted for two years, at first causing fear and concern that now has turned to grit and determination to hold on until better times. While no one sees the current market as ready to take off, major firms are beginning to think the market may soon hit bottom and slowly begin to pull itself back from the brink in 2011.
The ENR Construction Industry Confidence Index (CICI) for the second quarter of 2010 shows 555 executives from construction and design firms believe that, while the market continues to flounder, next year it will be on the rise. The index for the second quarter of 2010 rose dramatically to 41 on a scale of 100 from the first quarter’s 34, and it showed a 10-point rise over the fourth quarter of 2009.