Data from the current ACEC Research Institute Engineering Business Sentiment report shows engineering firms are dramatically more optimistic toward the U.S. economy than they were last year, and that wage inflation, versus the likelihood of a recession, is the biggest business concern among executives as 2024 unfolds. Among respondents to a survey underpinning the report, industry conditions 12 months out…
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Engineering executives confirm confidence in key construction sectors
Source: American Council of Engineering Companies Research Institute, Washington, D.C. ACEC Research Institute Engineering Business Sentiment report data shows engineering firms are dramatically more optimistic toward the U.S. economy than they were last year, and that wage inflation, versus the likelihood of a recession, is the biggest single concern among executives as 2024 unfolds. Among respondents to a survey underpinning…
Read MoreEngineering leaders underscore construction market confidence
Sources: American Council of Engineering Companies Research Institute, Washington, D.C.; CP staff Executives across civil, environmental and structural practices express optimism for strong economic performance in the coming year, according to a survey by the American Council of Engineering Companies’ independent research arm. With perspectives from 600-plus respondents, the 2023 Engineering Business Sentiment Survey finds the outlook for the overall…
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