This quarter marks the first time since first quarter 2020 when both indexes read above 50, suggestive of increased demand for design and construction services in the future.
RALEIGH, NC, October 15, 2020 /24-7PressRelease/ — FMI Corporation, the leading provider of consulting and investment banking services to the Built Environment, is pleased to announce the release of the fourth quarter 2020 CIRT Sentiment Index. This quarter’s current issues questions polled CIRT membership on trends affecting U.S. economic and business conditions in 2021, including world and U.S. health issues, private sector investments and the U.S. presidential and congressional elections.
Key findings from this quarter’s survey include:
• A continued return to confidence seen in both the Sentiment Index, increasing from 52.1 to 54.2, and in the Design Index, increasing from 49.3 to 64.8.
• Almost two-thirds (60%) of respondents selected U.S./world health issues and vaccines as the top positive impactful factors, followed by private sector investment (45%) and the results of the U.S. presidential and congressional elections (40%).
• Results for 2020 suggest that almost two-thirds (58%) of respondents will face revenue declines, with an average aggregated response of 2.8% contraction. Additionally, respondents are generally more optimistic about revenue performance for 2021, with 52% of respondents anticipating a return to positive revenue growth.
• Among the industries represented by CIRT’s member base, lodging, residential and education work are projected to experience the biggest short-term declines across both the design and construction industries.
Note: The CIRT Sentiment Index is a survey of Construction Industry Round Table members that is carried out by FMI each quarter. The CIRT is composed exclusively of approximately 115-120 CEOs from the leading architectural, engineering and construction firms doing business in the United States. CIRT is an organization that is uniquely situated to represent the richly diverse and dynamic design and construction community.
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.
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