FOR IMMEDIATE RELEASE
Architecture and
Engineering Industry Outlook Remains Positive on All Major Indicators
PSMJ’s latest data shows
some construction markets recovering more quickly than others
October 31, 2013 (Newton, Mass.) — While still below
pre-recession levels, all of the key indicators in the latest Quarterly
Market Forecast (QMF) report from PSMJ Resources, Inc. (PSMJ) remain in
positive territory. This is a clear signal of continued optimism by
architecture and engineering (A/E) firm leaders as we approach the finish line
for 2013 and begin contemplating what is in store for 2014.
Unlike any other A/E industry outlook, PSMJ’s QMF survey
examines market activity on proposal and backlog activity as well as current
quarterly and projected quarterly revenues. This format allows for a
comprehensive understanding of how proposal activity is translating into
backlog and how backlog is translating into revenue.
All four of the key indicators (proposal activity, backlog
activity, current quarter revenues, and projected quarter revenues) remain
positive in PSMJ’s Net Plus/Minus Index. A major change from the depths
of 2007 through 2009, this important data tells us that more A/E firm leaders
are optimistic about what the future holds.
Drilling into the specific client markets, the QMF shows
some of the biggest gains in sentiment in the housing market. “Housing is
posting continued good results compared to the past three years,” stated PSMJ’s Director of Research William
Fanning. “We have seen gains in multifamily and senior and assisted
living for several quarters, but now we are beginning to see respectable gains
as well in the single-family subdivision market – a market that has been in a
deep depression for the past few years.”
Since 2003, PSMJ’s QMF has surveyed A/E firm leaders on a
quarterly basis regarding what they are seeing in 12 major client markets as
well as more than 50 specific submarkets.
To learn more about PSMJ’s QMF or to participate in the next
survey, visit www.psmj.com or click
here to be taken directly to the QMF information page. Subscribers to
PSMJ’s monthly professional journals (Professional Services Management
Journal, A/E Marketing Journal, and Project Management)
receive the full QMF report each quarter. Non-subscribers can also purchase the report on
PSMJ’s website.
About PSMJ: Established more than 35 years ago,
PSMJ Resources, Inc. has grown to become the world’s leading authority,
publisher, and consultant on the effective management of architecture,
engineering, and construction firms. With offices in the United States as
well as the United Kingdom and Australia, PSMJ offers over 150 titles in book,
audio, and video format. In addition, the company publishes several
monthly periodicals and delivers dozens of seminars, roundtables, conferences,
webinars, and in-house training sessions every year for A/E professionals
around the world. PSMJ’s sought-after consulting expertise covers a range
of critical business areas such as strategic planning, project management,
valuation, succession planning, and mergers & acquisitions.
Press Contact:
Gregory C. Hart
PSMJ Resources, Inc.
10 Midland Avenue
Newton, Mass 02458
(617) 965-0055
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