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.
