Resource
For the A/E industry 2020 started off very strong. Firm revenues reached nearly $90B in the fourth quarter of 2019 an all time high and that pace continued into March 2020, according to U.S. Census Bureau estimates (see chart on page 3). Few predicted a global public health crisis, caused by a new coronavirus called COVID 19, would suddenly halt the longest economic expansion on record, and that the resulting decline would be so sharp. In this issue of ACEC’s Private Industry Briefs we look at the emerging macroeconomic trends during this unprecedented recession, document indicators most relevant to our industry, and review Q2 2020 data and revised market outlooks.
Key drivers/trends in the following private markets:
- Commercial & Residential Real Estate
- Intermodal & Logistics
- Energy & Utilities
- Health Care & Science + Technology
- Public Sector & P3s