FROM: Wells Fargo Forecast for 2016: Construction Optimism Quotient Is Highly Positive

The 2016 Construction Industry Forecast presents the results of Wells Fargo Equipment Finance’s wide-ranging survey of construction industry executives conducted in Fall 2015. Drawing on the responses of construction contractors and equipment distributors from across the U.S., the Forecastreveals trends in the industry and gauges the sentiment of industry leaders on a variety of business topics. Some of the key findings are listed below. Download the full report to find more.

Construction Optimism Quotient remains very positive for 2016

U.S. National Optimism Quotient (OQ)

The optimism quotient for 2016 is a highly optimistic 108. This is a very good signal for 2016, but is a significant drop from 2015’s record high optimism quotient of 130.

Distributors expect new equipment sales to increase or remain steady in 2016

Contractors expect to increase their new equipment purchases in 2016

Contractors and distributors agree on the projection for used equipment sales

Rental fleet sizes are expected to increase or remain steady in the coming year