The 4thQtr./2022 CIRT Sentiment Index Report (just released), indicates that the members general sense of the industry and overall economy is stuck in limbo with an index reading very near 50 (which is neutral). The most recent results were down slightly but remain mostly consistent with last quarter’s results. The overall index score fell to 51.0 from 51.4, and the Design Index fell to 57.1 from 59.4. This report represents the fifth consecutive quarterly decline from third quarter 2021.
In addition to the overall sentiment factors and level, the Report also covered current trend issues including: questions focused on backlog sensitivity, reasons for and areas of project disruptions, as well as business growth trends and challenges.
For details SEE, CIRT Sentiment Index Report, 4thQ/2022.