FMI Releases Fourth Quarter NRCI Report

The FMI Nonresidential Construction Index slipped just 0.4 points in the fourth quarter to 56.9. In the fourth quarter of 2015, the Index stood at 59.5. While the trend indicates a slower outlook for nonresidential construction, the Index is still solidly in positive territory as it has been since the first quarter of 2012. While most of the economic components of the NRCI slipped lower this quarter, backlogs increased from 10 months to 12 months with expectations that backlog growth will continue in the near term. Looking at markets, the outlook continues to be positive for all markets through the next year, but the three-year outlook is less rosy.

In a two-part question, NRCI panelists ranked a range of items and areas that might affect the economic picture in the next year. Then, those who said they examine the impact of external issues were asked which items usually make it into the planning cycle.Access the Q4 NRCI here.