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The third quarter of 2020 experienced a return of optimism compared with last quarter's results. This rebound appears to reflect improved confidence through the end of the year.
RALEIGH, NC, July 10, 2020 /24-7PressRelease/ -- FMI Corporation, the leading provider of consulting and investment banking services to the Built Environment, is pleased to announce the release of the third quarter 2020 CIRT Sentiment Index. The CIRT Sentiment Index is a survey, conducted quarterly by FMI, of members of the Construction Industry Round Table. The CIRT is composed exclusively of approximately 115-120 CEOs from the leading architectural, engineering and construction firms doing business in the United States. CIRT is an organization that is uniquely situated to represent the richly diverse and dynamic design/construction community. This quarter's current issues questions polled CIRT membership on perceived change in worker productivity, compensation adjustments, sources of news information and U.S. versus international recovery.
Key findings from this quarter's survey include:
• With government stimulus, relaxing of social distancing restrictions, states reopening businesses and travel, the third quarter of 2020 showed an increase in both the CIRT Sentiment Index and Design Index, compared to last quarter.
• All sectors expect to see an increase in business over the next quarter, six months and year from now.
• Among the industries represented by CIRT's member base, lodging, office, education and international work are projected to experience the biggest short-term declines across both the design and construction industries.
Click here to access the full report.
FMI is the leading provider of consulting and investment banking to the Built Environment. We provide services in the areas of strategy, leadership and organizational development, performance, technology and innovation, mergers and acquisitions, financial advisory and private equity financing.
For more information, please visit www.fminet.com.
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