According to FMI, the NRCI has once again inched higher into positive territory with a score of 65.8, a gain of just 0.9 points over last quarter’s results. That’s another record for the NRCI, but that gain might have been higher if the change in material and labor costs was not included as part of the Index score calculations.
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First Quarter Looking Up
February 21, 2014 – Things continue to look up! FMI’s First Quarter Nonresidential Construction Index report shows a 7.5 point increase since the 2013 fourth quarter report, as well as a 6.8 point increase from Q1 2013. This is the highest NRCI score to date.
Read MoreFMI Releases Q4-2013 Construction Outlook Report
FMI released its Q4-2013 Construction Outlook. The forecast predicts 2013 to end with 7 percent growth for the construction industry as a whole. Final statistics for construction-put-in-place will be available April 2014.
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