Construction industry executives continue to express confidence that the market is in growth mode. For many firms and in several market sectors, the level of growth leaves a lot to be desired. However, most industry executives believe the recovery will continue, and some believe it will accelerate in 2014.
The ENR Construction Industry Confidence Index survey for the first quarter shows that, of the 414 executives of large construction and design firms responding to the survey, the vast majority believes the market is stable or growing. The CICI index stood at a record 72 on a scale of 100 in the 2014 first-quarter survey, an indicator of a growth market. This mark is three points above the 69 rating from the fourth quarter of 2013.