U.S. engineering firm CEOs remain encouraged about overall company performance and market trends. They also see strong signs of recovery in industry employment, this according to the latest ACEC Engineering Business Index (EBI), which charts the health of the engineering industry.
EBI is a diffusion index, consolidating hundreds of engineering leader responses nationwide on market and firm performance into a single “confidence” number. Any score over 50 indicates expansion.
The third quarter EBI (Q3), conducted Sept. 17 to Oct. 3 of 275 engineering CEOs, presidents and chairmen, produced a positive composite score of 68.8, virtually unchanged from 68.9 in the second quarter.
Survey respondents reported a strong rebound in hiring: 67.4% said employment at their firm was equal to or higher now than pre-recession (2008) levels; 25% said employment was “at least 10%” higher. Only 32.7% said employment was lower.
Engineering leaders remained encouraged by company performance: 65% reported higher backlogs compared to this time last year—significantly more than the 51% in the second quarter. Almost half of Q3 respondents (49.3%) expect backlogs to increase further over the next 12 months.
Respondents also believe most private markets will continue to thrive: 61.7% expect improvement over the coming year in Land Development, 56.1% in Energy and Power, and 53.1% in Buildings and Commercial.
Public market expectations, however, continue to lag: only 43.8% of respondents believe the Water and Wastewater segment will improve by next year; only 39.7% said Transportation will improve.
For the complete Q3 summary of ACEC’s Engineering Business Index (EBI) go to www.acec.org.
Related Stories
3D Printing | Sep 17, 2024
Alquist 3D and Walmart complete one of the nation’s largest free-standing, 3D-printed commercial structures
Walmart has completed one of the largest free-standing, 3D-printed commercial structures in the US. Alquist 3D printed the almost 8,000-sf, 20-foot-high addition to a Walmart store in Athens, Tenn. The expansion, which will be used for online pickup and delivery, is the first time Walmart has applied 3D printing technology at this scale.
Retail Centers | Sep 17, 2024
Thinking outside the big box (store)
For over a decade now, the talk of the mall industry has been largely focused on what developers can do to fill the voids left by a steady number of big box store closures. But what do you do when big box tenants stay put?
Government Buildings | Sep 17, 2024
OSHA’s proposed heat standard published in Federal Register
The Occupational Safety and Health Administration (OSHA) has published a proposed standard addressing heat illness in outdoor and indoor settings in the Federal Register. The proposed rule would require employers to evaluate workplaces and implement controls to mitigate exposure to heat through engineering and administrative controls, training, effective communication, and other measures.
Codes and Standards | Sep 17, 2024
New California building code encourages, but does not mandate heat pumps
New California homes are more likely to have all-electric appliances starting in 2026 after the state’s energy regulators approved new state building standards. The new building code will encourage installation of heat pumps without actually banning gas heating.
Codes and Standards | Sep 17, 2024
ASHRAE’s first group of certified decarbonization professionals announced
ASHRAE recently announced its inaugural cohort of Certified Decarbonization Professionals (CDPs). Individuals who earned this designation demonstrate competency to assess, analyze, and develop effective and sustainable strategies to reduce or eliminate the life-cycle carbon footprint of buildings.
Mass Timber | Sep 17, 2024
Marina del Rey mixed-use development is L.A.’s largest mass timber project
An office-retail project in Marina del Rey is Los Angeles’ largest mass timber project to date. Encompassing about 3 acres, the 42XX campus consists of three low-rise buildings that seamlessly connect with exterior walkways and stairways. The development provides 151,000 sf of office space and 1,500 sf of retail space.
Education Facilities | Sep 16, 2024
Hot classrooms, playgrounds spur K-12 school districts to go beyond AC for cooling
With hotter weather occurring during the school year, school districts are turning to cooling strategies to complement air conditioning. Reflective playgrounds and roads, cool roofs and window films, shade structures and conversion of asphalt surfaces to a natural state are all being tried in various regions of the country.
Office Buildings | Sep 16, 2024
Maximizing office square footage through ‘agile planning’
Lauren Elliott, RID, NCIDQ, Director of Interior Design, Design Collaborative, shares tips for a designing with a popular and flexible workspace model: Agile planning.
3D Printing | Sep 13, 2024
Swiss researchers develop robotic additive manufacturing method that uses earth-based materials—and not cement
Researchers at ETH Zurich, a university in Switzerland, have developed a new robotic additive manufacturing method to help make the construction industry more sustainable. Unlike concrete 3D printing, the process does not require cement.
Libraries | Sep 12, 2024
How space supports programming changes at university libraries
GBBN Associate Sarah Kusuma Rubritz, AIA, uses the University of Pittsburgh's Hillman Library to showcase how libraries are transforming to support students’ needs.
