Optimistic Forecast for Construction Industry

For the second consecutive year, the non-residential construction industry is looking strong. The Construction Industry Forecast from Wells Fargo Equipment Finance, Inc. indicates that 2013 will bring a modest increase in construction activity in most parts of the U.S. “Wells Fargo’s Construction Optimism Quotient (OQ) – the survey’s primary benchmark for measuring contractor and equipment distributor sentiment – is at 106 for 2013… An OQ over 100 is considered optimistic sentiment towards year-over-year improvement in local nonresidential construction activity,” according to a company press release.

http://www.forconstructionpros.com/press_release/10893367/wells-fargo-releases-optimistic-construction-industry-forecast-for-2013

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