The industry is now in a period of steady growth. While many firms are disappointed the recovery from the recession was not faster, most believe the current growth rate will continue at least through the beginning of 2016. But with the growth on the top line, many firms worry about the bottom line.
The ENR Construction Industry Confidence Index survey for the third quarter shows that, of the 357 executives of large construction and design firms responding to the survey, the vast majority believe the market is stable or growing. The CICI index inched up another point, to a record 77 on a scale of 100, in the third-quarter survey, an indicator of a growth market.