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
| Aug 24, 2022
California’s investment in ‘community schools’ could transform K-12 education
California has allocated $4.1-billion to develop ‘community schools’ that have the potential to transform K-12 education.
| Aug 24, 2022
Architecture Billings Index slows but remains healthy
For the eighteenth consecutive month architecture firms reported increasing demand for design services in July, according to a new report today from The American Institute of Architects (AIA).
| Aug 23, 2022
New Mass. climate and energy law allows local bans on fossil fuel-powered appliances
A sweeping Massachusetts climate and energy bill recently signed into law by Republican governor Charlie Baker allows local bans on fossil fuel-powered appliances.
Giants 400 | Aug 22, 2022
Top 70 Science + Technology Facility Engineering + EA Firms 2022
Jacobs, CRB, Fluor, and Affiliated Engineers Inc. head the rankings of the nation's largest science and technology (S+T) facility engineering and engineering/architecture (EA) firms, as reported in Building Design+Construction's 2022 Giants 400 Report.
Giants 400 | Aug 22, 2022
Top 55 Laboratory Facility Engineering + EA Firms for 2022
Jacobs, Affiliated Engineers Inc., Burns & McDonnell, and WSP top the ranking of the nation's largest science and technology (S+T) laboratory facility engineering and engineering/architecture (EA) firms, as reported in Building Design+Construction's 2022 Giants 400 Report.
Giants 400 | Aug 22, 2022
Top 85 University Engineering + EA Firms for 2022
AECOM, Jacobs, Salas O'Brien, and IMEG head the ranking of the nation's largest university sector engineering and engineering/architecture (EA) firms, as reported in Building Design+Construction's 2022 Giants 400 Report.
Giants 400 | Aug 22, 2022
Top 150 University Architecture + AE Firms for 2022
Gensler, CannonDesign, SmithGroup, and Perkins and Will top the ranking of the nation's largest university sector architecture and architecture/engineering (AE) firms, as reported in Building Design+Construction's 2022 Giants 400 Report.
Giants 400 | Aug 22, 2022
Top 45 Engineering Architecture Firms for 2022
Jacobs, AECOM, WSP, and Burns & McDonnell top the rankings of the nation's largest engineering architecture (EA) firms for nonresidential buildings and multifamily buildings work, as reported in Building Design+Construction's 2022 Giants 400 Report.
| Aug 22, 2022
Gainesville, Fla., lawmakers moved to end single-family zoning
The Gainesville City Commission recently voted to advance zoning changes that would allow duplexes, triplexes, and quadplexes to be built on land currently zoned for single-family homes.
Giants 400 | Aug 22, 2022
Top 80 Engineering Firms for 2022
Kimley-Horn, Tetra Tech, Langan, and NV5 head the rankings of the nation's largest engineering firms for nonresidential buildings and multifamily buildings work, as reported in Building Design+Construction's 2022 Giants 400 Report.