The spiral will continue for the architecture of billings index.
Budget deficits fight more because of the Government institutional sectors
June marks according to the AIA the third consecutive decline in income the architecture companies how such as U.S. measured by the architecture of billings index (ABI). As an economic indicator of construction activity, the ABI reflects the approximate time of nine to twelve months between architecture Billings construction investments. The American Institute of Architects (AIA) has reported that the June was ABI guests 46.3, almost a full point from a reading of 47.2 previous month. This result reflects a continued decline in the demand for design services (score over 50 shows an increase in the Billings). The new index of request projects however was 58.1 up suddenly on a volume of 52.6% in May.
“This seems to be a case of don’t think so, can it even worse – and this then”, said Chief Economist of the AIA, Kermit Baker, PhD, Hon. AIA. “While a small turn appeared to be on the road of the year, the global concern on economies and global is to infiltrate, planning and construction industry and another element, which prevents, restoring that add.” You can also fix the threat of the Federal Government, the problem of the debt ceiling leads to higher rates of loans for real estate projects and it should be really a value by default failed, we look at a disastrous situation for a sector, representing more than 10% of global GDP. »
Highlights of the key June ABI:
Ã¢¢ Regional averages: South (47.3), Midwest (44.6) West (51.7), northeast (47.5)
Ã¢¢ Break the index sector: Mixed practice (51,5), commercial / industrial (50, 0), residential (49,6), institutional (45.9) Multifamiliales
Ã¢¢ Requests for information on the project index: 58.1
At AIA architecture Billings index
Architecture of billings index (ABI), produced by the economics and market research group, AIA is a leading economic indicator, which provides the approximate nine to twelve months in the future not for residential purposes an overview of indicative building construction expenditure activity. The index of the radio in the full report are included from a monthly survey on “Work on the boards”, that is sent to a group of companies belonging to AIA members. Participants be reduced to asked whether increased their payroll, or remained the same, only in the month end of month, and the results are then compiled into the ABI. These monthly results are also seasonally adjusted to allow the previous month in comparison. The monthly index-ABI results are around 50, centered with scores above 50 is a total rise of billings and results under 50 showed a decline. Be made with a moving average three months of regional and sector data. For more information on ABI and the analysis of its relationship with the activities of the construction of the white paper architecture of billings as a leading construction indicator: analysis of the relationship between Billings index and construction spending on the AIA website.