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2014 Forecast

BY ALM Staff
March 27, 2014

Optimism is riding high among construction contractors and equipment distributors that local non-residential activity will improve in 2014, according to a recent survey by Wells Fargo Equipment Finance Inc. The company's 2014 Construction Industry Forecast, Wells Fargo's Construction Optimism Quotient (OQ) ' the survey's primary benchmark for measuring contractor and equipment distributor sentiment ' is at a historic high of 124, up 18 points from 106 in 2013 and up from the survey low of 42 in 2009. An OQ over 100 is considered optimistic of year-over-year improvement in local non-residential construction activity.

Highlights

Equipment Rental Remains Strong

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