Construction executives are confident in the U.S. economy, but remain concerned about their ability to grow revenues, address the labor shortage and manage the costs of doing business (particularly providing health care to employees), according to a recent national survey by GE Capital. The survey focused on C-suite executives at middle-market companies (ranging from $10 million to less than $1 billion in sales) in multiple industries, including construction.

One-third of construction executives believe that business activity will increase during the next six to 12 months, and that the transportation and energy sectors will be the strongest segments this year, followed by power and residential. Fifty-seven percent reported they are either “very” or “somewhat” confident in the overall U.S. economy, and 79 percent reported the same levels of confidence in the local economy.

Based on the survey average, contractors expect employment in the construction industry to grow 3.4 percent year over year. Regarding the cost of doing business, the survey showed contractors believe their financial margin growth will be flat. For more information, visit geccf.com/construction or gecapital.com/cxosurvey.