RALEIGH, N.C. – FMI (www.fminet.com), a leading provider of management consulting and investment banking* to the engineering and construction industry, announces the release of the 2013 Third Quarter Nonresidential Construction Index report. The NRCI score of 60.3 is a .2-point improvement over Q2.

Although the numbers aren’t drastically rising, the sustainability and continuing upward movement is encouraging. This score remains the highest score for the NRCI index since Q1 2009. The index for the overall economy rose to 72 points and the combined index sentiment for economies where panelists are doing business rose 3.2 points.

Cost of construction materials, cost of labor and productivity continue to hold down the index. Additionally, investments in technology, equipment and training are needed to keep the economy from going stagnant.

Panelists for this quarter’s NRCI suggest that the uncertainty for investments is a result of the immigration/labor bills, delays in implementation of the Affordable Care Act and the impact of residential growth on nonresidential construction. These issues are causing the industry to sit back and wait to see the outcomes before making any risky investments.

To download a copy of the full report, click here. For reprint permission or to schedule an interview with the author, please contact Sarah Vizard Avallone at 919.785.9221 or savallone@fminet.com.

About FMI:

FMI is a leading provider of management consulting, investment banking* and research to the engineering and construction industry. We work in all segments of the industry providing clients with value-added business solutions, including:

Strategic Advisory

Market Research and Business Development

Leadership and Talent Development

Project and Process Improvement

Mergers, Acquisitions and Financial Consulting*

Compensation Benchmarking and Consulting

Risk Management Consulting

Founded by Dr. Emol A. Fails in 1953, FMI has professionals in offices across the U.S. FMI delivers innovative, customized solutions to contractors; construction materials producers, manufacturers and suppliers of building materials and equipment, owners and developers, engineers and architects, utilities, and construction industry trade associations. FMI is an advisor you can count on to build and maintain a successful business, from your leadership to your site managers. For more information, visit www.fminet.com.

*Investment banking services provided by FMI Capital Advisors, Inc., a registered broker-dealer and wholly owned subsidiary of FMI.