RALEIGH, N.C. – June 27, 2019. FMI Corporation, the leading provider of consulting and investment banking services to the Built Environment, is pleased to announce the release of its second quarter 2019 North American Construction Outlook. The publication offers comprehensive construction forecasts for a broad range of market segments and geographies in the U.S. and Canada, as well as information on key market drivers.
Key highlights of the report include:
- Total engineering and construction spending for the U.S. is forecast to end up 1 percent in 2019, compared to up 4 percent in 2018.
- U.S. spending growth in 2019 is expected to be led by public investment across both nonresidential buildings and nonresidential structures. Current top-performing segments forecast in 2019 include conservation and development (+9 percent), transportation (+8 percent), water supply (+8 percent), public safety (+7 percent), office (+6 percent), and highway and street (+6 percent).
- Only one U.S. segment, sewage and waste disposal, was upgraded into our growth category through the second half of 2019. Conversely, educational and manufacturing have both been downgraded from growth to stable.
- Only one segment in Canada saw change through the second half of 2019: Highway and street was upgraded from down to stable.
To access the FMI North American Construction Outlook, please click here: https://www.fminet.com/industry-outlooks/fmis-north-american-construction-outlook-second-quarter-2019-report/
FMI is the leading provider of consulting and investment banking to the Built Environment. We provide services in the areas of strategy, leadership and organizational development, performance, technology and innovation, mergers and acquisitions, financial advisory, and private equity financing.
For more information, please visit www.fminet.com.