The ACEC Research Institute found widespread optimism among engineering firm executives in its second quarterly Engineering Business Sentiment study.
A large majority of firm leaders are “extremely optimistic” about the current state of their firms and the engineering industry. This bright outlook is strong, despite a drop in the faith of the future of the U.S. economy.
“The Net Rating for the current state of firms’ overall finances is a staggering +88 and +82 for the engineering and design services industry today,” according to an ACEC news release. “As a comparison, in the first sentiment survey conducted in October 2021, those numbers were +83 for firm finances and +74 for the industry.” The survey used a “Net Ratings” system, in which negative responses are subtracted from positive ones.
The study, which surveyed more than 600 ACEC member firm executives, also turned up concerns over inflation and hiring. Some 73 percent of respondents said they are extremely concerned about inflation. Much of the optimism can be attributed to the passage of the Infrastructure Investment and Jobs Act (IIJA) at the end of last year.
Related Stories
| Nov 29, 2012
Government policies help accelerate adoption of green building
Green procurement policies or green building mandates can help accelerate the adoption of green building practices, according to research by Timothy Simcoe and Michael Toffel.
| Nov 26, 2012
Minnesota law to spur development, job creation produced few jobs
Legislation that allowed local governments to direct excess property tax dollars from tax-increment financing districts into other private developments was supposed to kick-start construction hiring in Minnesota.
| Nov 26, 2012
How to boost resilient systems that are sustainable
Cities of the future can be both more resilient and more sustainable by promoting strategies that include solar power and green roofs, programs that minimize demand for energy, rain gardens, and permeable pavement.
| Nov 26, 2012
Developer of nation’s first LEED platinum skyscraper focuses on carbon reduction
The Durst Organization, the developer of the first LEED platinum certified skyscraper in the country, says it will not seek LEED certification for its residential pyramid planned for New York’s West 57th Street.
| Nov 26, 2012
Questions linger over ability of Miami's newer high-rises to withstand hurricanes
Some towers in Miami, rebuilt after a hurricane in 2005, were allowed to be constructed under older building codes instead of newer ones created after Hurricane Wilma.
| Nov 26, 2012
Changes in development and building standards needed for health of Potomac River
The Potomac River’s health stands to suffer if the region does not change its development and building standards, according to the Potomac Conservancy.
| Nov 16, 2012
South Dakota prefers LEED over building code on state projects
“(LEED is) much better than a mandatory building code because you get a little wiggle room in these projects,” said Mike Mueller, a spokesman for the South Dakota Bureau of Administration.
