The NSCA Electronic Systems Outlook has been updated for Summer 2014 and now includes information based upon actual data from Q1 and Q2 of 2014, and forecasted information for the remainder of the year.
Free to all NSCA members and available to non-members for $399, the new report provides updated indicators of fresh business opportunities by tracking new construction starts and renovations in the commercial buildings sector.
In this Summer 2014 edition, NSCA’s Electronic Systems Outlook provides an updated look at construction data by markets and systems. Overall, the construction forecast remains cautiously optimistic.
In some areas, commercial construction is on the verge of breaking out of its long slumber. For instance, healthcare, and education markets have both slowed due to political circumstances. Those issues could be solved next year, and pent-up demand may come rushing into the markets. Total construction put in place is expected to grow at the rate of 7 percent this year and for the next few years.
Despite continued uncertainty, the average CCI (consumer confidence index) is trending upward, which is a good sign, although recent events like the government shutdown in late 2013 have negatively impacted construction spending.
Markets expected to increase construction this year as compared to 2013 include office, education, healthcare, lodging, and manufacturing. Markets expected to decrease construction this year as compared to 2013 include government, houses of worship, and retail. The Summer 2014 Electronic Systems Outlook provides detailed information regarding how much these numbers are increasing or decreasing, and which factors are affecting the data.
“We work with FMI to continue to monitor commercial construction reports,” says NSCA executive director Chuck Wilson. “At the end of 2013, we expected 2014 construction put in place to total near $977 million. Now, halfway through 2014, we expect it to total $959 million.”
Integrators can use the Summer 2014 Electronic Systems Outlook to benchmark sales numbers and prepare business valuations. Growth indicators can be used to determine incentive programs, reveal new markets that may have potential, and appropriately distribute resources. This forecast data can also be shared with financial advisors and lenders to prove the stability of systems integrators in the marketplace.
This bi-annual forecast is made possible through a partnership with FMI, a management consulting, investment banking, and research firm for the engineering and construction industry.
The Summer 2014 edition of the Electronic Systems Outlook examines the current year to date, and serves as a projection for the last half of 2014. The report is released each summer and winter.
As noted, the NSCA Electronic Systems Forecast is free for NSCA members. For non-members, the forecast can be purchased for $399. Non-members can also become NSCA members for $595 and receive this report as part of their membership package, which also offers access to discounted education and training opportunities, updates on regional and national government affairs issues, free monthly industry webinars, other industry research, and savings opportunities with companies such as UPS, Office Depot, and Enterprise.
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