Concrete Products

APR 2019

Concrete Products covers the issues that attract producers of ready mixed and manufactured concrete focusing on equipment and material technology, market development and management topics.

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Page 28 of 63 April 2019 • 27 NEWS SCOPE INFRASTRUCTURE The full Q1 2019 USG + Chamber of Com- merce Commercial Construction Index report is posted at The Index factors survey responses from up to 2,700 commercial construction stakeholders and measures three leading indicators—backlog, new business confi- dence, revenue—to gauge confidence in the industry. A composite index on the scale of 0 to 100 serves as contractor segment indi- cator on a quarterly basis. Overall, the Q1 Index composite score of 72 shows a healthy market though contractors may be slightly more cautious about the health of the com- mercial construction industry. The survey was fielded in January during the federal govern- ment shutdown, authors observe, so concerns about economic stability and future growth were likely more top-of-mind than in previ- ous surveys. Data about industry perceptions should still be troubling to anyone looking to solve the prevailing labor shortage, USG and Chamber officials note. "The first quarter findings suggests that the fundamentals of the construction indus- try remain strong, but to sustain future growth, it is clear that we need bipartisan policy solutions from Washington that pro- mote trade, reform our immigration system, and better prepare America's workforce for the jobs of today and tomorrow," says Cham- ber Chief Policy Officer Neil Bradley. The Index looks at the results of three leading indicators to gauge confidence in the commercial construction industry, generat- ing a composite score on the scale of 0 to 100 that serves as an indicator of health of the contractor segment on a quarterly basis. The Q1 2019 results from the three key driv- ers were: • Backlog. Contractors' ratio of actual to ideal backlog dropped three points to 77 (down from 80 in Q4 2018). In Q4 2018, 41 per- cent of respondents said their backlog had increased. This quarter, that number fell to 28 percent. • New business confidence. The level of over- all confidence dropped five points (from 76 to 71) quarter-over-quarter. • Revenue. The revenue driver dropped two points to 67 this quarter, indicating mod- erated expectations for the magnitude of revenue growth in the next 12 months. The research was developed with Dodge Data & Analytics, the leading provider of insights and data for the construction industry, by surveying commercial and insti- tutional contractors. Each quarter, Dodge researchers source responses from their Contractor Panel of commercial construction decision makers in order to better understand industry confidence levels and other key trends. The panel allows the firm to provide findings that are representative of the entire U.S. construction industry by geography, size, and type of company. 4800 Badger Drive Menomonie, WI 54751 • HEAVY-DUTY CONSTRUCTION DEPENDABLE PERFORMANCE SUPERIOR QUALITY DURABLE FORMS FORM OPTIONS INCLUDE: L&T Panel Box Culvert CaƩle Guard Arched Bridge SepƟc Custom Mesh Bender UƟlity Box Step Median Barrier Noise Wall Mesh Bender Road Barrier Box Culvert +715-235-2166 BUILT FOR A PRECASTER … BY A PRECASTER FAST, SAFE, EFFICIENT PRODUCTION 3500 Gallon SepƟc Tank

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