Professional and Career Topics

Economic forecast for engineers

  • 1.  Economic forecast for engineers

    Posted 05-13-2020 08:13 AM
    Covid-19 has resulted in an economic downturn for most industries.  Construction (and thus engineering) typically lags behind economic growth and declines.  Industry leaders typically use the Architecture Billings Index to forecast market conditions.  It measure the market according to how many contracts are available each month.  Even state funding could be impacted as less gas tax and tolls will be collected to improve roads.  What economic indicators do you use to forecast growth and decline?  How does this affect hiring and resource management?

    Chad Morrison P.E., M.ASCE
    Professional Engineer
    Greenville RI