RALEIGH, N.C. (May 15, 2014) - FMI, a provider of management consulting and investment banking* to the engineering and construction industry, has announced the release of the 2014 Second Quarter Nonresidential Construction Index report. The NRCI shows slight improvement of a 0.9 point increase from Q1 and a 5.7 point increase from Q2 2013. Although growth continues, it is beginning to slow, indicating that the economy still holds a lingering recession mentality. The largest repercussion of this mindset is that it keeps companies from investing, banks from lending and consumers from spending. Thus, the pressure to keep prices low continues along with the need for greater profitability, leading to two key challenges:
- How to improve productivity
- Where to find qualified personnel