FMI Indices: Third Quarter 2025

In a diffusion index where scores are above 50 the reading represents improving or expanding industry conditions. Scores below 50 represent worse conditions from the prior month or quarter (industry contraction). A score of 50 represents industry conditions remaining the same.

Nonresidential Construction Index (NRCI)

The third quarter NRCI rose to 49.8 from 43.5 in the second quarter,

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2025 North American Engineering and Construction Outlook: Third Quarter

Civil Infrastructure Construction Index (CICI)

The third quarter CICI declined to 50.8, down from 52.2 in the prior quarter.

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Civil Infrastructure Construction Index: Third Quarter