ACEC Ohio is a Chair Circle Sponsor of the ACEC Research Institute and enjoys a first look at studies and reports published by the Institute. Two reports have been released this past week that I encourage you to take a look at.
2023 Economic Assessment of the Engineering and Design Industry:
This study is updating that series which aims to describe, measure, and analyze the economic significance of the Engineering and Design Services industry and demonstrate the inextricable partnership between engineering, architects, and other design services to deliver the built environment of the United States.
The engineering industry's total economic contribution to the U.S. economy is $627 Billion with Ohio providing $14.9 Billion to that total!
Engineering Business Sentiment 2023 Quarter 4:
Current sentiment remains very optimistic within most market sectors; however, two-thirds saw declines this quarter. Rising concerns over inflation (84%), political environment/uncertainty (77%) and increasing interest rates (72%) are fueling negative future sentiment.
Join the Future of Engineering Roundtable sessions for free:
November 15, 12:30PM EST: ACEC Research Institute 4th Annual Industry Economic Update and Forecast 2023-2028 – Register today!
November 29, 12:30PM EST: State of the Engineering Economy – Q4 2023 – Register today!
Please feel free to reach out to me with any questions you may have!