Skip to content

EBI Declines, But Stays Positive

While the heads of U.S. engineering remain positive about business prospects, “their confidence is fraying at the edges,” according to a press release from the American Council of Engineering Companies announcing the council’s Engineering Business Index (EBI).

The EBI charts the health of the engineering industry through member responses to a series of questions about company performance and market trends, consolidated into a single number. Any number over 50 indicates expansion.

The fourth quarter EBI is 66.5 — a strong number, but down from 68.8 and 68.9 in the previous quarters. Survey respondents were high on the current engineering market, but somewhat less sure about where the market will be in a year (although that decline was from Q3’s 74.3 score to a “still impressive” 72.2.

For more, visit the following link.

Engineers working on construction projects should look for opportunities to incorporate energy-efficient designs in their projects — and to earn the Section 179D deduction (up to $1.80 per square foot). As the country’s leading specialist in this deduction, Concord has the experience, knowledge and capacity to handle any project, at every step of the way. Contact our Engineering Services Group at 888-897-5445 or via email at the following link, and find out what Concord can do.