Mid-market construction firms future is bright

Recently GE capital polled about uncertainty of Government spending clouds on positive economic outlook between 59 middle market construction companies. It was concluded from the survey reports that the firms which have an average of 652 employees and annual revenue of 144.6 million dollars are pretty confident about United States market and local markets, but are not sure about the global ground. Only 12% of the total firms told that they were extremely confident about the global markets and the condition of global economies, whereas 42% firms were confident for local economies and 21% for US economies.

Confidence of firms in the economies and markets depend on their past financial performances. 7 out of 10 firms reported an improvement in the company finances by no longer than September 2014. Almost 50% of the firms surveyed polled that they are hiring more people; this figure was 57% in last survey which was conducted in March. 47% of the firms polled that they expect the construction industry to extend and expand largely by September 2015 due to which the employment related to construction industry is expected to increase by 5.4 %.

It is also concluded from survey reports that the firms believe that energy efficiency will play a potential role in future projects. Official and residential projects are also expected to get strengthen. These firms believe that public works spending has a huge impact on industry. Another factor which affects the construction industries includes healthcare costs. GE capital produces their surveys with National Centre for the Middle Market.