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Construction contractors and equipment distributors continue to show strong optimism about an increase in local construction activity in 2016. The Optimism Quotient– this survey’s primary benchmark for measuring contractor and equipment distributor sentiment on local nonresidential construction activity– is 108 for 2016. Although overall optimism regarding construction activity remains very strong, it has declined since the 2015 record-high of 130. What does this mean for 2016? More executives expect 2016 will be consistent with 2015, and believe that construction activity will pick up in the fourth quarter of 2016, or later. Download a free copy of this year’s full report at https://www.wellsfargo.com/constructionforecast