ACEC’s 3Q Economic Outlook Highlights Potential Upsides for U.S. Economy

Industry News / Industry Statistics

November 27, 2019

ACEC’s 3Q Economic Outlook Highlights Potential Upsides for U.S. Economy

The latest ACEC Private Market Briefs-Economic Outlook Q3 looks at business economists’ views on the greatest upside risks to the economy.

In a survey by the National Association for Business Economics, more than a third of participating macroeconomic forecasters said the greatest potential upside for the economy was “Reduced Trade Protectionism” (35 percent), followed closely by “Strong Wage Growth” (27 percent).

The Outlook also updates the Five Key Macroeconomic Trends and reports that most key A/E/C economic indicators remain strong, including the U.S. Census Bureau’s preliminary estimate of total A/E revenues, which rose for the second consecutive quarter to $91.73 billion. There are some signs of softening, such as FMI’s Non-Residential Construction Index, which fell to its lowest score in more than seven years.

Click here to view the Outlook.

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