The American Council of Engineering Companies’ Engineering Business Index (EBI) remains positive for the third quarter of the year, showing a score of 68.9 — up from 67.4 in the first quarter.
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.
Over two-thirds of the firm leaders surveyed (68%) thought business conditions were improved over a year ago, and over 60 percent said their backlogs were larger than last year. Respondents saw a positive climate for all public markets (the sectors were transportation; water and wastewater; other environmental; education; healthcare; and other).
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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.
