News & Press

FMI’s Second Quarter Outlook Sees Slowing Growth in 2019

FMI’s recently released “U.S. Construction Outlook: Second Quarter 2019 Report” forecasts total engineering and construction spending for the U.S. to end the year up 1 percent in 2019, compared to a gain of 4 percent in 2018.


That spending growth is expected to be led by public investment across both nonresidential buildings and nonresidential structures, according to FMI.


FMI predicts that the top-performing segments in 2019 include will include: conservation and development (+9 percent); transportation (+8 percent); water supply (+8 percent); public safety (+7 percent); office (+6 percent); and highway and street (+6 percent).


The forecast bottom-performing segments in 2019 will include religious (-6 percent); single-family residential (-5 percent); and residential Improvements (-4 percent).


To read the entire second quarter report, go to www.fminet.com/outlook/fmi-u-s-construction-outlook-second-quarter-2019-report.