Engineering Firm Leaders Believe ‘Return to Normal’ May Take 12-18 Months
WASHINGTON — More U.S. engineering firm leaders now believe a “return to normal” for their businesses will take between 12-18 months, a significant increase compared to nearly a month ago, the latest ACEC Research Institute Business Impact Survey 6 reveals.
“The sixth wave of the Business Impact Survey continues to see the engineering industry grapple with the effects of the pandemic with a greater number of firm leaders feeling less optimistic about a quick return to normal for their businesses,” said John Carrato, chair, research institute, ACEC. “Thankfully, we are seeing a significant number of engineering firms of various sizes securing PPP loans, which are essential to maintaining cash-flow during the economic downturn."