RALEIGH, N.C. (February 17, 2014) – FMI (www.fminet.com), a leading provider of management consulting and investment banking* to the engineering and construction industry, announces the release of the 2014 First Quarter Nonresidential Construction Index report. The NRCI shows a 7.5 point increase since the 2013 fourth quarter report, as well as a 6.8 point increase from Q1 2013. This is the highest NRCI score to date.
The increase in score comes from an optimistic view of a rising economy, as nearly half of the participants expect construction to grow up to 5% in 2014. With the increase in growth, executives are eagerly searching for talented individuals to assist and manage industry projects. Panelists with a more moderate view of the growth potential cite some additional challenges in 2014:
- Hiring talented people
- Finding profitable work
- Uncertainty in the direction of the government, especially regarding decisions directly affecting the economy
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*Investment banking services provided by FMI Capital Advisors, Inc., a registered broker-dealer and wholly owned subsidiary of FMI.