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Survey: Strong Rentals and Equipment Acquisitions

By ALM Staff | Law Journal Newsletters |
May 02, 2015

According to Wells Fargo Equipment Finance's 2015 Construction Industry Forecast, contractors and equipment distributors remain optimistic regarding the prospects of local, nonresidential construction activity this year and respondents expect a strong rental market and increasing equipment acquisitions. The survey uses an Optimism Quotient (OQ) as its primary benchmark for measuring construction industry contractor and equipment distributor sentiment. This year's OQ reached an historic high of 130, up six points from 124 in 2014 and up considerably from the survey low of 42 in 2009.

This year's increase in the OQ marks the third time in four years that it has reached a new high, which signals confidence that growth has been accelerating over that time.

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