While most index components were close to last quarter’s readings, decreased optimism about the U.S. economy, the economy where members operate, and members’ construction businesses all fell sharply going into the fourth quarter of 2023.  Of these factors, CIRT members’ sentiment toward “the U.S. economy” recorded the largest decline, falling to 36.1 from 45.5 in the 3rdQ/’23 report.  In addition to the market/economic conditions, members also provided insights and views on current issues questions, focused on use of technology and planned technology investments; as well as follow-up on how labor resources were sourced to meet staff shortfalls to complete projects safely and on time.

For more details see: “CIRT Sentiment Index Report, 4thQ 20’23”