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 | Oct 30, 2017
Top 45 green engineering firms
WSP, AECOM, and Arup top BD+C’s ranking of the nation’s largest green sector engineering and EA firms, as reported in the 2017 Giants 300 Report.
Giants 400 | Oct 20, 2017
Top 20 sports engineering firms
WSP, Walter P Moore, and ME Engineers top BD+C’s ranking of the nation’s largest sports sector engineering and EA firms, as reported in the 2017 Giants 300 Report.
Giants 400 | Oct 19, 2017
Race for talent drives office designs
Is the shift toward attracting younger workers too much or not enough?
Giants 400 | Oct 17, 2017
Top 60 office engineering firms
AECOM, WSP, and Thornton Tomasetti top BD+C’s ranking of the nation’s largest office sector engineering and EA firms, as reported in the 2017 Giants 300 Report.
Giants 400 | Oct 16, 2017
Data center market forecast: Clearly cloudy
Look for mission-critical construction to double in the next few years.
Giants 400 | Oct 12, 2017
Top 30 data center engineering firms
Syska Hennessy Group, AECOM, and Morrison Hershfield top BD+C’s ranking of the nation’s largest data center sector engineering and EA firms, as reported in the 2017 Giants 300 Report.
Giants 400 | Oct 6, 2017
Top 40 K-12 engineering firms
AECOM, IMEG/KJWW/TTG, and STV top BD+C’s ranking of the nation’s largest K-12 sector engineering and EA firms, as reported in the 2017 Giants 300 Report.
AEC Tech | Oct 6, 2017
How professional bias can sabotage industry transformation
Professional bias can take the form of change-resistant thinking that can keep transformational or innovative ambitions at bay. Tech consultant Nate Miller presents three kinds of bias that often emerge when a professional is confronted with new technology.
Giants 400 | Oct 5, 2017
On wings of gold: Alternative financing schemes are propelling the high-flyin’ air terminals sector
The $4 billion renovation of New York City’s LaGuardia Airport is the first major U.S. aviation project delivered using a public-private partnership (P3) model.
Giants 400 | Oct 3, 2017
Top 30 airport engineering firms
AECOM, Burns & McDonnell, and Arup top BD+C’s ranking of the nation’s largest airport sector engineering and EA firms, as reported in the 2017 Giants 300 Report.
