Industry firms begin to believe the worst may soon be over

The responses to surveys sent to more than 2,000 US firms ENR's lists of leading contractors, subcontractors, and design firms, conducted by ENR Construction Industry Confidence Index (CICI) for the second quarter of 2010, is presented. The survey shows that 555 executives from construction and design firms believe that the market for construction is expected to increase in 2010. 53% of all respondents say that the market still is in decline, this percentage is an improvement over the first quarter, when 68% saw a declining market. An another survey conducted by CONFINDEX, to be released by the Construction Financial Management Association, Princeton (CFMA), NJ, was conducted on 200 chief financial officers from general contractors, subcontractors, and heavy and civil construction firms. The survey, based on a scale of 200, with 100 being a stable market, shows an improvement in market conditions.