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Construction Industry Optimism Hits High

SAN FRANCISCO—Industry executives in a recent Wells Fargo survey expect higher levels of non-residential construction, equipment purchases and rentals in 2014.

By Natalie Dolce | Updated on March 04, 2014

SAN FRANCISCO—Construction contractors and equipment distributors are optimistic that local non-residential construction activity will improve in 2014, according to a recent survey by Wells Fargo Equipment Finance, a subsidiary of Wells Fargo & Co.  

As part of its 2014 Construction Industry Forecast, Wells Fargo’s construction Optimism Quotient—the survey’s primary benchmark for measuring contractor and equipment distributor sentiment—is at a historic high of 124, up 18 points from 106 in 2013 and up from the survey low of 42 in 2009.

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