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According to a recent survey by Wells Fargo Equipment Finance Inc., construction contractors and equipment distributors are optimistic that local non-residential activity will improve in 2012. The company's 2012 Construction Industry Forecast, Wells Fargo's Construction Optimism Quotient (“OQ”) ' the survey's primary benchmark for measuring contractor and equipment distributor sentiment ' is at 114 for 2012, marking a material increase from 96 in 2011. An OQ over 100 is considered optimistic of year-over-year improvement in local non-residential construction activity.
Highlights of the 2012 Construction Industry Forecast:
This survey marks the 36th year in which Wells Fargo Equipment Finance, Inc. and its predecessors have published primary research findings for the infrastructure construction industry. Conducted between Jan. 4 and Jan. 15, 2012, the survey recorded the responses of 394 construction industry executives from across the United States. The full survey may be accessed at https://a248.e.akamai.net/f/248/41008/14d/ig.rsys3.net/responsysimages/wells/__RS_CP__/2012WellsFargoConstructionIndustryForecast_FINAL.pdf.
According to a recent survey by
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