Sources: National Ready Mixed Concrete Association, Silver Spring, Md.
Based on April Producer Confidence Survey responses, NRMCA’s latest industry confidence index reached a 75.1 level for the first quarter of 2015—amid a stock market at historic highs, positive companion economic indicators, and shipment figures showing 2014 as the first year since 2008 where U.S. per capita ready mixed concrete consumption eclipsed one yard.
While respondents to the most recent quarterly survey were slightly less confident with the current economic climate, reporting a 66.5 confidence level, NRMCA finds a 74.3 level for producers eyeing future market conditions, and an overall economic confidence level of 71.2.
The Producer Confidence Survey uses 2006—the best year for ready mixed concrete production and financial performance on record—as a 100-point index baseline. As participation in the survey grows, NRMCA will target regional or state figures, along with national perspective. Additional Producer Confidence Index information can be obtained from NRMCA Senior Vice President, Membership & Communications Kathleen Carr-Smith, 240/485-1145; [email protected]org