In the midst of political and economic uncertainty, U.S. engineering firm leaders expressed newfound optimism in the current status and future potential of primary markets, according to the latest Engineering Business Index (EBI), just released by the American Council of Engineering Companies (ACEC).
The 3rd Quarter 2016 (Q3/2016) EBI was 61.4, up 1.2 points from the Q2/2016 score of 60.2—which was the lowest score since ACEC launched the EBI in January 2014.
EBI is a diffusion index that charts the health of the engineering industry by consolidating senior leadership responses on market and firm performance into a single composite score. Any number above 50 indicates expansion. The Q3/2016 survey of 326 engineering firm leaders was conducted September 15 to October 5.
Market expectations for one year from today among engineering firm leaders rose a healthy 6.2 points to 63.3—the largest quarter-to-quarter increase since the EBI’s inception. The increased optimism for one year from today was reflected in nine of the 11 surveyed market sectors—a drastic turnaround from the Q2/2016 survey, when engineering leaders expected only one of the 11 sectors—energy and power—to improve over the coming year.
Among public markets, transportation was the strongest sector, up 2.1 points to 64.2. Other rising sectors include water/wastewater (up 0.9, to 63.0); healthcare construction (up 0.8, to 55.8), and education facilities (up 3.0, to 55.0).
Only the environmental sector fell, dropping 0.8 points to 54.3. Among private markets, firm leaders were most bullish about the buildings sector, up 4.4 points to 62.9, followed by energy and power (up 0.7, to 60.4), land development (up 1.2, to 60.2), and Industrial/Manufacturing (up 2.8, to 58.2).
For the complete summary of ACEC’s Q3/2016 Engineering Business Index (EBI), go to www.acec.org.
Related Stories
Giants 400 | Dec 5, 2021
2021 Justice Facility Sector Giants: Top architecture, engineering, and construction firms in the U.S. justice facility/public safety sector
Turner Construction, DLR Group, AECOM, and Stantec top BD+C's rankings of the nation's largest architecture, engineering, and construction firms for justice facility/public safety buildings work, including correctional facilities, fire stations, jails, police stations, and prisons, as reported in the 2021 Giants 400 Report.
Giants 400 | Dec 3, 2021
2021 Hotel Sector Giants: Top architecture, engineering, and construction firms in the U.S. hospitality sector
Gensler, Jacobs, Suffolk Construction, and WATG top BD+C's rankings of the nation's largest hotel sector architecture, engineering, and construction firms, as reported in the 2021 Giants 400 Report.
Giants 400 | Nov 20, 2021
2021 Parking Structure Giants: Top architecture, engineering, and construction firms in the U.S. parking structure sector
PGAL, PCL Construction, and Wiss, Janney, Elstner Associates top BD+C's rankings of the nation's largest parking structure sector architecture, engineering, and construction firms, as reported in the 2021 Giants 400 Report.
Giants 400 | Nov 19, 2021
2021 Cultural Facilities Giants: Top architecture, engineering, and construction firms in the U.S. cultural facilities sector
Gensler, AECOM, Buro Happold, and Arup top BD+C's rankings of the nation's largest cultural facilities sector architecture, engineering, and construction firms, as reported in the 2021 Giants 400 Report.
Giants 400 | Nov 19, 2021
2021 Convention Center Sector Giants: Top architecture, engineering, and construction firms in the U.S. convention and conference facilities sector
Populous, KPFF, Lendlease, and Turner Construction top BD+C's rankings of the nation's largest convention and conference facilities architecture, engineering, and construction firms, as reported in the 2021 Giants 400 Report.
Giants 400 | Nov 18, 2021
2021 Multifamily Sector Giants: Top architecture, engineering, and construction firms in the U.S. multifamily building sector
Clark Group, Humphreys and Partners, and Kimley-Horn head BD+C's rankings of the nation's largest multifamily building sector architecture, engineering, and construction firms, as reported in the 2021 Giants 400 Report.
2021 Building Team Awards | Nov 17, 2021
Caltech's new neuroscience building unites scientists, engineers to master the human brain
The Tianqiao and Chrissy Chen Institute for Neuroscience at the California Institute of Technology in Pasadena wins a Gold Award in BD+C's 2021 Building Team Awards.
Architects | Nov 9, 2021
Download BD+C’s 2021 Design Innovation Report
AEC and development firms share where new ideas come from, and what makes them click.
Architects | Nov 9, 2021
Download BD+C’s 10 Predictions for the Construction Industry in 2022
Our prognostications focus on how AEC firms will streamline and modernize their projects and operations.
Movers+Shapers | Nov 7, 2021
Passage of $1.2 trillion infrastructure bill expected to spur stronger construction activity
AEC firms see federal investment as historic
