Contractors’ revenue expectations rise | Construction Dive

Dive Brief:

  • New knowledge exhibits that U.S. contractors are growing extra optimistic, mainly pushed by a increase in income expectations. They also have improved outlooks on using the services of as business considerations associated to the coronavirus pandemic lessen, according to the hottest U.S. Chamber of Commerce Professional Design Index.
  • In the to start with quarter of this 12 months, 36% of contractors reported they expect their income to raise more than the up coming 12 months, a bounce of eleven% from the past quarter of 2020. Eighty-7 % expect their income to possibly continue to be the exact or raise, up from 86% past quarter. Most (86%) contractors also described a moderate to large level of assurance that the U.S. market will provide more than enough new business in the up coming 12 months.
  • In addition, shut to half (46%) of contractors reported they will utilize extra people
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