Construction industry--Construction Industry Confident for Recovery in 2011

Construction professionals expect the industry recession to start to turn around by the end of the year, according to a survey in this week's issue of Engineering News-Record (ENR) magazine and on ENR.com, published by McGraw-Hill Construction. The ENR Construction Industry Confidence Index (CICI) for the second quarter of 2010 shows that construction and design firm executives believe the worst may soon be over. The Q2-2010 CICI, which measures industry sentiment for market sectors and trends, is 41 on a scale of 100, where a value of 50 indicates a stable market and a value from 51 to 100 reflects the belief that the market is improving. While still below an index of 50, the index shows a dramatic improvement over last quarter (up seven points from 34 in Q1-2010) and last year (up 16 points from 25 in Q1-2009). The index is based on 555 responses to surveys sent to more than 2,000 domestic firms on ENR's lists of leading contractors and engineering firms.