Current electroindustry business conditions edged lower in June 2022, with the National Electrical Manufacturers Association’s (NEMA) Electroindustry Business Confidence Index (EBCI) score staying below the no-change threshold level of 50 for the second consecutive month with a score of 40.6.
2022 Nonresidential Construction Forecast: “Promising”
According to the AIA Construction Consensus Forecast Panel of leading economic forecasters, nonresidential building construction spending is expected to expand 5.4% in 2022 and strengthen to a 6.1% expansion in 2023.
Electroindustry Business Conditions Improve in June
A slight improvement in confidence boosted the National Electrical Manufacturers Association’s (NEMA) Electroindustry Business Confidence Index’s current conditions from a reading of 65.4 last month to 70 points in June.
Current and Future Electroindustry Business Conditions Pull Back But Remain at Expansionary Levels
The National Electrical Manufacturers Association (NEMA) recently reported its Electroindustry Business Confidence Index (EBCI) dipped 24 points from a high-water mark in April to 65.4 in May 2021, a significant decline but still solidly in expansionary territory.
NEMA: Current and Future Conditions Remain Positive for Electrical Industry
For the tenth consecutive month, the National Electrical Manufacturers Association (NEMA) Electroindustry Business Conditions Index (EBCI) topped 50 points, indicating conditions conducive to growth. March’s reading of 80 built on an already robust 64.3 in February and was driven by two-thirds of survey respondents’ indicating better conditions.
2021 Nonresidential Construction Forecast: Decline but Rebound Next Year
In January 2021, the American Institute of Architects’ (AIA) semi-annual Consensus Construction Forecast, a survey of the nation’s leading construction forecasters, projected a 5.7% decline in nonresidential construction spending in 2021. Construction spending is then projected to grow 3.1% in 2022 as the renewal of economic activity unleashes pent-up demand for nonresidential space.
2020 Nonresidential Construction Forecast: Slowdown But No Downturn
The U.S. economy grew by 2.2% in 2019 and is expected to slow to 2% in 2020, according to the most recent forecast released by the Federal Open Market Committee Meeting on December 11, 2019. The slowdown in 2019-20 is considered a byproduct of the trade war. A major contributor to the economy is construction, and the outlook for construction spending in 2020-21 is positive but lower than 2019. The AIA’s semi-annual Consensus Construction Forecast, a survey of the nation’s leading construction forecasters, is projecting 1.5% growth in nonresidential construction spending in 2020 and 1% in 2021.
2019 Nonresidential Construction Forecast: Cautious Positivity
The AIA’s semi-annual Consensus Construction Forecast, a survey of the nation’s leading construction forecasters, is projecting 4.4% growth in nonresidential construction spending in 2019 and 2.4% in 2020. This article by Craig DiLouie, LC, CLCP reviews the forecast and leading construction industry economic indicators.
2018 Nonresidential Construction Forecast: Positive Growth
The U.S economy grew by 2.5% in 2017, outpacing 2016, and is expected to produce similar growth in 2018. A major contributor to the economy is construction, and the outlook for construction spending in 2018 overall is positive, particularly nonresidential. The AIA’s semi-annual Consensus Construction Forecast, a survey of the nation’s leading construction forecasters, is projecting 4% growth in nonresidential construction spending in 2018 and 3.9% in 2019.
2017 Nonresidential Construction Forecast: Continuing Solid Growth
U.S. real GDP slowed to 1.6% in 2016, the lowest growth rate since 2011. However, the outlook for construction spending in 2017 continues to be positive for all market sectors. The AIA’s semi-annual Consensus Construction Forecast, a survey of the nation’s leading construction forecasters, is projecting nearly 6% growth in nonresidential construction spending in 2017, […]