The fourth quarter 2024 CIRT Sentiment Index showed a modest recovery, with the overall index increasing to 64.1 from 62.6 in the third quarter. Optimism was particularly noticeable in the Design Index, which rose to 71.1 from 66.3; and once again leads the trend line for the overall index including construction sentiment. As a result, the Index appears to be leaning towards a favorable climate as we enter 2025.
In addition to the overall economy, markets, and business activities, the report also touched on a few key “Current Trends.” Members were asked to define their firms’ expansion strategies and considerations in comparing “organic-led growth initiatives” with “merger, acquisition and joint venture-led growth initiatives.” Additionally, members also provided insights into their use of AI, focusing on its impact related to workflows, decision making, ethical considerations, and compliance with local regulations.
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