left shadow main shadow main shadow
main shadow
Ld logo
Professional Ligting top_banner
Home top navigation Jobs/Events/News top navigation Catalogs top navigation Manufacturers top navigation Lighting Products top navigation Newsletter Sign-Up top navigation Apps_Blogs top navigation Lighting Feeds
Subpage Top Grad
Indoor Lighting
Left Navigation
Outdoor Lighting
Left Navigation
LED Lighting
Left Navigation
Ballast/Transformers
Left Navigation
Controls
Left Navigation
Lamps/LED
Left Navigation
Emergency/Exit
Left Navigation
Site Sponsors
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Industry News
Weak Market Conditions Persist According To Architecture Billings Index
July 23, 2012

The Architecture Billings Index (ABI) saw more poor conditions last month, indicating a drop in design activity at U.S. architecture firms, and suggesting upcoming weakness in spending on nonresidential construction projects. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lag time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the June ABI score was 45.9, nearly identical to the mark of 45.8 in May. This score reflects a decrease in demand for design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 54.4, up slightly from mark of 54.0 the previous month.
 
“The downturn in design activity that began in April and accelerated in May has continued into June, likely extending the weak market conditions we’ve seen in nonresidential building activity ,” said AIA Chief Economist, Kermit Baker, PhD, Hon. AIA.  “While not all firms are experiencing negative conditions, a large share is still coping with a sluggish and erratic marketplace.”

Key June ABI highlights:

◦ Regional averages: Midwest (48.0), South (47.6), Northeast (46.4), West (44.3)
◦ Sector index breakdown: multi-family residential (49.0), commercial / industrial (46.9), institutional (46.0), mixed practice (45.9)
◦ Project inquiries index: 54.4

The regional and sector categories are calculated as a 3-month moving average, whereas the index and inquiries are monthly numbers.

About the AIA Architecture Billings Index
The Architecture Billings Index (ABI), produced by the AIA Economics & Market Research Group, is a leading economic indicator that provides an approximately nine to twelve month glimpse into the future of nonresidential construction spending activity. The diffusion indexes contained in the full report are derived from a monthly “Work-on-the-Boards” survey that is sent to a panel of AIA member-owned firms. Participants are asked whether their billings increased, decreased, or stayed the same in the month that just ended as compared to the prior month, and the results are then compiled into the ABI.  These monthly results are also seasonally adjusted to allow for comparison to prior months. The monthly ABI index scores are centered around 50, with scores above 50 indicating an aggregate increase in billings, and scores below 50 indicating a decline. The regional and sector data are formulated using a three-month moving average. More information on the ABI and the analysis of its relationship to construction activity can be found in the White Paper Architecture Billings as a Leading Indicator of Construction: Analysis of the Relationship Between a Billings Index and Construction Spending on the AIA web site.

About The American Institute of Architects
For over 150 years, members of the American Institute of Architects have worked with each other and their communities to create more valuable, healthy, secure, and sustainable buildings and cityscapes. Members adhere to a code of ethics and professional conduct to ensure the highest standards in professional practice. Embracing their responsibility to serve society, AIA members engage civic and government leaders and the public in helping find needed solutions to pressing issues facing our communities, institutions, nation and world. Visit www.aia.org.

Trans
Banners
Banners
Trans
Trans
Main Shadow Right
Indoor Lighting  |   Outdoor Lighting  |   LED Lighting  |   Ballast/Transformers  |   Controls  |   Lamps/LED  |   Emergency/Exit  |   Manufacturers  |   Lighting Products  |   Events  |   Jobs  |   Industry News  |   New Catalogs  |   Site Map  |   Advertising Information
LIGHTDIRECTORY - LightDirectory.com, P.O. Box 795, Oswego, IL 60543.
Trans