PaintSquare.com
      | Connect Follow us on Twitter Like us on Facebook
About | Subscribe | Advertise
  

 

Paint and Coatings Industry News

Main News Page


ECONOMIC PULSE:
FMI Construction Index
Hints at Improvement

Thursday, March 11, 2010

Comment | More

FMI, a management-consulting and investment-banking firm that focuses on the construction industry, said its nonresidential-construction index for the first quarter suggests a slight improvement from the fourth quarter of 2009.

FMI said the index rose to 48.4 from the fourth-quarter 2009 reading of 47.7. Readings below the index’s baseline of 50 indicate that construction activity remains weak, while readings above 50 indicate growth. The index is based on a survey of approximately 160 top executives of construction companies involved in nonresidential building.

“The improvement may be attributed to the panelists’ trust in a continuing upswing in the economy,” the firm said.

“While health-care construction is the only construction market showing relative strength this year, most panelists predict improvements for next year, with the exception of the lodging and office markets,” FMI said in comments on the index. The panel’s majority52%still expects reductions in staff for 2010, compared to the 64% that were downsizing this time last year. Those reductions, however, will be less drastic, with most being less than 5% of staff, the survey suggested. “Even though reductions still loom, some construction executives are making strategic hires to prepare for certain market improvement,” FMI said.

“Overall, we think we are seeing signs of recovery in the responses to this quarter’s survey, but that recovery could be very slow, especially if financial institutions continue to keep a tight rein on loans and owners are reluctant to build once their markets improve,” FMI said.

 

   

Tagged categories: Construction; Economy; Trends

Comment Join the Conversation:

Sign in to our community to add your comments.

CS Unitec
Surface Prep & Material Removal

CS Unitec’s Floor Planers remove coatings & corrosion from concrete & metal surfaces. Produce keyed profiles for waterproofing applications. info@csunitec.com


Armorthane
Polyurethane and Polyurea Sprayed-On Protection

Buy POLYURETHANE or POLYUREA coatings and spray equipment for years of proven chemical resistance, water- and weather-proofing, and structural improvements.


LS Industries
LS Blasters: Optimum Steel Cleaning Efficiency

Simplify surface prep with the precise shot control of LS Blasters. Our blast technology delivers optimum coverage and finish. 800-533-8008


U.S. Zinc
Historic Reliability. Innovative Performance.

The reliable protection properties of our zinc dust help combat deterioration and corrosion in your paints and coatings. U.S. Zinc - Helping the world work™


DRYCO
DEHUMIDIFICATION FOR
ANY SIZE PROJECT!

Temporary climate control equipment. Dehumidifiers,
Heaters, A/C, Power, More…
Toll Free: 866-379-2600


GMA Garnet USA
GMA Garnet™
Natural Abrasives

- Superior cleaning
  performance
- Even Profile
- Low Dust
- Cost-Effective
- Environmentally friendly
- Recyclable up to 5 times
Tel : +1 832 243 9300


Atlas Material Testing Technology

Helping You Put Your Products To The Test

• Outdoor Accelerated
Weathering
• Laboratory Testing
Services
• Accelerated Weathering
Instruments

www.atlas-mts.com atlas.info@ametek.com


Sidewinder/Persyst Enterprises, Inc.
The Sidewinder Model M2 Solvent Recycler

Combat the rising cost of gunwash, thinners, acetone & more while drastically reducing waste disposal coat.


Blastox/The TDJ Group, Inc.
Blastox - One Step
Lead Abatement

Don't waste $$ on added labor steps with other methods. Don't mix, meter or apply at the job-site. Avoid strict hazardous waste rules.
Let your painters paint!

 
 
 
Technology Publishing

The Technology Publishing Network

The Journal of Protective Coatings & Linings (JPCL) PaintSquare
Durability + Design Paint BidTracker

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
 

© Copyright 2000-2015, Technology Publishing / PaintSquare, All rights reserved
2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com