Archive for the ‘Construction + Economy’ Category

Architecture Billings Index Growth Moderates

For the sixth consecutive month, architecture firms reported increasing demand for design services as reflected in the July Architecture Billings Index (ABI). As a leading economic indicator of construction activity, the ABI reflects the approximate 9- to 12-month lead time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the July […]

Electroindustry Business Confidence Indexes Decline Sharply but Remain above 50

NEMA’s Electroindustry Business Confidence Index for current conditions slid by more than 20 points from the near-term high of 76.5 reached in March of this year. As recently as last month, the current conditions index topped 60 but fell 7.2 points to reach July’s value of 53.3. Most of the change came from a larger […]

Moderating Economic Growth Results in Downgraded Construction Forecast for 2017 and 2018

The AIA Consensus Construction Forecast projects annual growth in the 3.5% to 4% range for the remainder of 2017 as well as for 2018, with a slower growing commercial/industrial market, and an institutional sector facing several challenges. While some slowdown in the commercial sector was anticipated for 2017 and 2018, it was expected to be […]

Design Billings Maintain Solid Footing

Design services at architecture firms continue to project a healthy disposition on the construction industry as the Architecture Billings Index (ABI) recorded the fourth consecutive month of growth in May 2017. As a leading economic indicator of construction activity, the ABI reflects the approximate 9- to 12-month lead time between architecture billings and construction spending. […]

Architecture Billings Index Strengthens

The first quarter of the year ended on a positive note for the Architecture Billings Index (ABI). As a leading economic indicator of construction activity, the ABI reflects the approximate 9- to 12-month lead time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the March ABI score was 54.3, up […]

Architecture Billing Index Rebounds

The Architecture Billings Index (ABI) returned to growth mode in February after a weak showing in January. As a leading economic indicator of construction activity, the ABI reflects the approximate 9- to 12-month lead time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the February ABI score was 50.7, up […]

Electroindustry Business Confidence Soars

In moving from 72.2 last month to 76.5 in March, the NEMA Electroindustry Business Confidence current conditions index reached its highest level since September 2005. Although some executives remarked on confusion in Washington and flashes of social unrest, signs of a strengthening economy noted by others were apparently widespread among panel members. The share of […]

Architecture Billings Index Dips Into Negative Territory in January

The Architecture Billings Index (ABI) dipped slightly into negative territory in January after a very strong showing in December. As a leading economic indicator of construction activity, the ABI reflects the approximate 9- to 12-month lead time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the January ABI score was […]

Lighting Systems Index Falls in Third Quarter 2016

NEMA’s Lighting System Shipment Index, a measure of demand for lighting equipment, decreased by 9.7% in 3Q 2016 compared to 3Q 2015 and 4.7% decrease compared to last quarter (2Q 2016). The decrease was driven by all components of the index which includes fixtures, emergency lighting, ballast, and lamp – large and miniature – components […]

Lighting Controls Association Publishes 2017 Construction Outlook

The Lighting Controls Association has published its monthly feature covering major indices and forecasts for the lighting industry and nonresidential construction. Check it out here.