2022 CIRT Index: Fourth Quarter
CIRT Sentiment Index scores were down slightly for the fourth quarter but remain mostly in line with last quarter’s results. The overall index score fell to 51.0 from 51.4, and the Design Index fell to 57.1 from 59.4. This report represents the fifth consecutive quarterly decline from third quarter 2021 highs.
Index components illustrate declining member sentiment toward the overall U.S. economy as well as a softened outlook on the nonresidential sector and backlogs. Conversely, respondent optimism modestly improved for the local economies where they are conducting business, outlook on their construction businesses and productivity gains.
This quarter CIRT members were asked to respond to current issues questions focused on backlog sensitivity, reasons for and areas of project disruptions, and business growth trends and challenges.
Download the report to discover the full insights and economic expectations from CIRT members.
