Interest Rate Cuts Provide Boost to AEC Markets, But Softness Remains in Key Areas
PSMJ Resources Blog
NOVEMBER 4, 2024
PSMJ's latest research shows that overall proposal activity in the architecture/engineering/construction (AEC) space remains relatively stable. However, digging deeper into the data, we see the real impact of recent interest rate cuts and other factors. PSMJ’s latest Quarterly Market Forecast surveyed 119 AEC executives (collected between September 26, 2024 and October 15, 2024) and revealed an overall proposal activity Net Plus/Minus Index (NPMI) value of 26.7, which is slightly higher than the
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