FMI: Despite market growth, contractors should still ‘recession proof’

January 28, 2019

Sometimes, the longer a good thing lasts, the louder rumblings get that a reality check could be around the corner, and construction industry economics is no exception. However, it’s smart to prepare for a wide variety of economic conditions, and that’s one of the messages in management consulting company FMI Corp.’s 2019 forecast for the engineering and construction sectors.

Management consulting and investment banking firm FMI predicts that engineering and construction industry growth across all types of projects — both residential and nonresidential — should continue for the next 18 to 24 months, albeit at a slightly slower pace than in previous years, at 3% versus 5% recorded in both 2017 and 2018.

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