RALEIGH, N.C., June 28, 2018 /PRNewswire/ -- FMI Corporation, the leading provider of management consulting and investment banking services to engineering and construction, infrastructure and the built environment, is pleased to announce the release of its second quarter 2018 construction outlook. The publication offers comprehensive construction forecasts for a broad range of market segments and geographies across North America as well as information on key market drivers.
Key highlights of the report include:
- Total engineering and construction spending for the U.S. is forecast to end up 6 percent in 2018, compared to up 4 percent in 2017.
- Spending growth in 2018 is forecast to be led by select nonresidential and residential segments. Current top-three-performing segments forecast in 2018 include transportation (+10 percent), residential improvements (+9 percent) and office (+9 percent). The bottom-three-performing segments include power (-1 percent), sewage and waste disposal (+1 percent), and religious (+2 percent).
- Second quarter adjustments indicate several additional stabilizing segments, including commercial and health care (up from Q1), as well as religious, sewage and waste disposal, and water supply construction (all three of which were expected to decline). Lastly, power was moved from stable to down, and conservation and development was elevated from down to growth, based on reported actuals through Q1.
To access the "FMI U.S. Construction Outlook, Second Quarter 2018 Report," please click here: https://www.fminet.com/construction-outlook/
For 65 years, FMI has been the leading management consulting and investment banking firm dedicated exclusively to engineering and construction, infrastructure and the built environment.
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SOURCE FMI Corporation