FMI‘s Nonresidential Construction Index (NRCI) is up less than one point from last quarter to 55.5.
FMI panelists attribute the uptick in nonresidential construction to optimism over the national and local economies. Still, FMI’s panelists are hesitant about the economic strength of their own businesses because of a reduction in backlogs, the continued rise of material costs and lower productivity.
