Tag Archives: NRCI 2014 Q2

  • FMI Nonresidential Construction Index (NRCI) Q2 2014

    Posted on May 12, 2014 by Phil Warner

    FMI's Nonresidential Construction Index (NRCI) Q2 2014 has shown that the industry needs to focus future innovation on productivity as more productivity means less labor needed on-site in a time of real labor shortages. FMI's NRCI report has once again inched higher into positive territory with a score of 65.8, a gain of just 0.9 points over last quarter’s results. That’s another record for the NRCI, but that gain might have been higher if we didn’t include the change in material and labor costs as part of the Index score calculations. Almost every other component of the NRCI index improved over last quarter. The only exception is productivity, which slipped 1.7 points. We are caught in the middle of a recovery. A lingering recession mentality keeps companies from investing, banks from lending, and consumers—aka, “regular people”—from spending. Therefore, we have this vicious circle problem in the economy. Nonetheless, we are slowly working our way out of that “doom loop.” Being caught in the middle of a recovery can be as difficult as being caught in a recession, only it is a better problem to deal with.

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    This post was posted in Consulting, Research, Talent Development and was tagged with Oil and Gas Newsletter, NRCI 2014 Q2, Phil Warner, Construction Outlook Report

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