A score higher than 50 indicates that more firms reported an increase in their business expectations than reported a decrease.
Construction Firms
1. Business activity outlook increased. The Expected Business Activity Indicator, related to project inquiries and new committed projects, increased by 10 points, to 62, for the fourth quarter of 2024, from 52 for the third quarter of 2024. This means more construction firms anticipate quarter-over-quarter growth than anticipate a decline.
Expectations for project inquiries increased by 7 points, to 59 (from 52 for Q3), and expectations for new committed projects increased by 12 points, to 64 (from 52 for Q3).
Both build-only and design-build firms are more optimistic for Q4 than they were for the previous quarter. The expected activity indicator for build-only firms increased 9 points, to 62 (from 53 for Q3), and for design-build firms it increased 10 points, to 61 (from 51 for Q3).
The indicator is based on survey questions about whether businesses expect the number of project inquiries and new projects to increase, decrease or remain unchanged in the coming three months compared with the previous three months.
Construction Firms
1. Business activity outlook increased. The Expected Business Activity Indicator, related to project inquiries and new committed projects, increased by 10 points, to 62, for the fourth quarter of 2024, from 52 for the third quarter of 2024. This means more construction firms anticipate quarter-over-quarter growth than anticipate a decline.
Expectations for project inquiries increased by 7 points, to 59 (from 52 for Q3), and expectations for new committed projects increased by 12 points, to 64 (from 52 for Q3).
Both build-only and design-build firms are more optimistic for Q4 than they were for the previous quarter. The expected activity indicator for build-only firms increased 9 points, to 62 (from 53 for Q3), and for design-build firms it increased 10 points, to 61 (from 51 for Q3).
The indicator is based on survey questions about whether businesses expect the number of project inquiries and new projects to increase, decrease or remain unchanged in the coming three months compared with the previous three months.