The fourth quarter 2024 CIRT Sentiment Index showed a modest recovery, with the overall index increasing to 64.1 from 62.6 in the third quarter. Optimism was particularly noticeable in the Design Index, which rose to 71.1 from 66.3; and once again leads the trend line for the overall index including construction sentiment.  As a result, the Index appears to be leaning towards a favorable climate as we enter 2025.

In addition to the overall economy, markets, and business activities, the report also touched on a few key “Current Trends.” Members were asked to define their firms’ expansion strategies and considerations in comparing “organic-led growth initiatives”  with “merger, acquisition and joint venture-led growth initiatives.” Additionally, members also provided insights into their use of AI, focusing on its impact related to workflows, decision making, ethical considerations, and compliance with local regulations.

For details SEE, “CIRT Sentiment Index Report, 4thQ/2024”