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Blog/August 2, 2013

The 25th Annual State-of-the-Industry Report

FMI recently released The 25th Annual State-of-the-Industry Report, which covers design and construction markets for transportation, power, facilities, remediation and water infrastructure. In addition to an exhaustive review of secondary sources and a thorough analysis of ENR’s Design 500 survey results, FMI conducted 45 in-depth interviews with CEOs and senior executives of leading firms in the above markets to gather the data for this report. While participants are beginning to see some signs of growth in the markets they serve, they do remain cautious, as the economic recovery remains fragile.

The 25th Annual State-of-the-Industry Report marks a modest return to growth for design and construction for the first time since 2008. According to FMI figures, construction spending in select markets covered by the report grew 3.9% in 2012 after falling 3% in 2011. Analysis of the Engineering News-Record Design 500 survey results indicates that design billings in those same markets also rose 3.9% in 2012 after falling 0.4% in 2011. While the headline statistics hide a mixture of growth and decline, the overall picture gives cause for cautious optimism. FMI forecasts construction spending in these markets to increase 5% in 2013 as design billings should rise just over 3%.

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This year sees three major themes playing meaningful roles in multiple markets:

  1. The continued shale revolution
  2. Public-private divergence
  3. Growing infrastructure needs and inadequate funding

To read more about these themes and how they will affect the markets for transportation, power, facilities, remediation and water infrastructure, please download the report in its entirety by clicking on this link or pasting it into your browser: www.fminet.com/media/pdf/event/CEOForum2013_Textbook.pdf

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