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
| Feb 10, 2014
Ball State to host Geothermal Conference on design, drilling and equipment - April 10, 2014
To best serve the industry, Ball State University has organized a single day conference in which participants will be able to exchange technical notes, develop understandings and share experiences with design, drilling, and equipment issues related to geothermal ground source heat pump technology.
| Feb 7, 2014
DOE, Autodesk team to overhaul the EnergyPlus simulation program
The update will allow a larger ecosystem of developers to contribute updates to the code in order to improve performance and decrease the time required to run energy model simulations.
| Feb 7, 2014
Bernards announces executive leadership realignment
Changes reflect long-term growth plans as builder enters its fifth decade.
| Feb 7, 2014
Zaha Hadid's 'white crystal' petroleum research center taking shape in the desert [slideshow]
Like a crystalline form still in the state of expansion, the King Abdullah Petroleum Studies and Research Center will rise from the desert in dramatic fashion, with a network of bright-white, six-sided cells combining to form an angular, shell-like façade.
| Feb 6, 2014
End of the open workplace?
If you’ve been following news about workplace design in the popular media, you might believe that the open workplace has run its course. While there’s no shortage of bad open-plan workplaces, there are two big flaws with the now common claim that openness is bad.
| Feb 6, 2014
New Hampshire metal building awes visitors
Visitors to the Keene Family YMCA in New Hampshire are often surprised by what they encounter. Liz Coppola calls it the “wow factor.” “Literally, there’s jaw dropping,” says Coppola, director of financial and program development for the Keene Family YMCA.
| Feb 5, 2014
M&A activity down in 2013 among architecture, engineering firms: Report
In 2013, consultant Morrissey Goodale observed 168 sales of U.S.-based architecture and engineering (“A/E”) firms – down nearly 7% from the record 180 sales of U.S.-based A/E firms in 2012.
| Feb 5, 2014
BIA Opens Entries for 25th Annual Brick in Architecture Awards
Entries open on February 10 for the Brick Industry Association's (BIA) Brick in Architecture Awards. Celebrating its silver anniversary, BIA's annual honors spotlight outstanding, innovative and sustainable architecture that incorporates clay brick products as the predominant exterior building or paving material.
| Feb 5, 2014
Multifamily Housing, Green Building, Market Trends, Innovation to be Prime Topics at MBI’s World of Modular
More than 600 developers, contractors, architects, builders, dealers and equipment/service suppliers are expected at the event, slated for March 21-24 in San Antonio, Texas, and hosted by the Modular Building Institute.
| Feb 5, 2014
7 towers that define the 'skinny skyscraper' boom [slideshow]
Recent advancements in structural design, combined with the loosening of density and zoning requirements, has opened the door for the so-called "superslim skyscraper."