Thinking about the first quarter of 2024, CIRT members recorded much stronger optimism across index components. The overall index score rose to 64.9 from 58.9 in the fourth quarter of 2023. The Design Index also increased sharply to 74.3 from 62.7.
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Understanding how top E&C executives view the outlook for construction and design can offer critical planning insights in 2024. Both the CIRT Sentiment and Design Indices fell in the fourth quarter, indicating top CEOs are tempering their outlooks for the near future.
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The CIRT Sentiment Index improved in the third quarter, rising to 59.7 from 52.8 in the second quarter. The design index remained constant in 68.5. This quarter's questions on current issues focused on labor productivity and project staffing requirements.
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The CIRT Sentiment Index is down slightly in the second quarter of 2023, falling to 52.8 from 53.3 in the first quarter. The Design Index rose to 68.5 from 66.8 in the first quarter, indicating there is slightly more optimism about projects that haven’t reached the construction phase.
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The CIRT Sentiment Index turned upward in the first quarter of 2023 after five consecutive quarters of decline, while the Design Index increased strongly from last quarter. Index components illustrate improving sentiment toward the U.S. economy, the local economies where CIRT members operate, and the overall nonresidential sector.
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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.
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The third quarter 2022 Construction Industry Round Table (CIRT) Sentiment and Design Index scores fell dramatically from last quarter, representing the fourth consecutive decline from highs set in 2021. Discover insights on current topics, such as expectations for a recession, supply chain impact and more in our third quarter 2022 CIRT Sentiment Index.
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The second quarter 2022 Construction Industry Round Table (CIRT) Sentiment and Design Index scores fell for the third consecutive period from highs set in the third quarter of 2021. Discover insights on current topics, such as backlogs, capacity, hiring goals, safety and other topics in our second quarter 2022 CIRT Sentiment Index.
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As inflation continues to rise, pushing the price of doing business up for everyone, understanding the economic environment is critical. Get insights from our market research team in this paper.
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First quarter 2022 CIRT index scores came in slightly lower than the fourth quarter of 2021. Discover insights on current topics, such as backlogs, capacity, hiring goals, impact of the infrastructure package on business planning, and the top risks or concerns for 2022 in our first quarter 2022 CIRT Sentiment Index.
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