The Q2 2023 FMI Construction Industry Round Table's Sentiment Index report came out last week. 50% of survey respondents believe the U.S. economy will worsen in the next quarter. BUT in their own regions, nearly 70% think their economies will improve or stay the same.
77%(!!) predict their backlogs will improve(51%) or remain unchanged(26%)in the next quarter. Only 23% predict their backlogs will be "moderately lower". Yet a big chunk(one-third of that 77%) predict the economy will worsen. Go figure!
Might as well have included a quote from one of them saying, "Oh, things are great where I live, but the rest of the country is going to hell."
Excellent writing!
Well stated!
The Q2 2023 FMI Construction Industry Round Table's Sentiment Index report came out last week. 50% of survey respondents believe the U.S. economy will worsen in the next quarter. BUT in their own regions, nearly 70% think their economies will improve or stay the same.
77%(!!) predict their backlogs will improve(51%) or remain unchanged(26%)in the next quarter. Only 23% predict their backlogs will be "moderately lower". Yet a big chunk(one-third of that 77%) predict the economy will worsen. Go figure!
Might as well have included a quote from one of them saying, "Oh, things are great where I live, but the rest of the country is going to hell."