The latest CIRT Sentiment Index Report, covering the 3rdQuarter of 2024, was released today.  The report reflects the expectations, views, and predictions based on the vast experiences and information the CEO members of CIRT’s leading member firms are privy to in their roles.

In sum, the new report shows the Sentiment Index has declined in all aspects, with the overall index score dropping to 62.6 (from 67.0 in the second quarter).  Leading the way down, the “Design Index” element also retreated to 66.3 in the third quarter, from 71.1 in the prior quarter. 

In addition to the overall index, the report also provides insights in the “Current Trends” section related to: profit margin pressures, cost volatility factors over the next 6-18 months, labor productivity, labor cost over-runs on projects, and the impact of the Department of Labor’s rulemaking increasing the threshold salary for professional/administrative personnel to be exempt from overtime pay requirements.