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Design/Construction Industry Optimism Fades in Face of StagFlation

Mon, August 15, 2022 8:53 AM | Anonymous

The bloom is off the recent historic high optimism of an expanding economy and markets reflected in the CIRT Quarterly Sentiment Index from just a year ago.  The overall 3rdQ/2022 index level plummeted 35% in the last twelve months falling to only a 51.4 reading, barely above neutral (The index is on a scale of 0-100 with a reading of 50 being neutral).  Every index factor recorded a downward trend, which means both inflationary concerns AND economic slowdown worries are in play at the same time. 

For details and in-depth analysis of some important current issues SEE CIRT 3rd/Q 2022 Sentiment Index Report.

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