By Jason Sayer
Off the back of ending the first quarter of the year on a high, and in the wake of what is usually the year’s peak construction season, the Architectural Billings Index (ABI) has remained strong.
This May, a score of 53.0 marked the fourth positive month in a row as the Billings Index stays true to last year’s good form. If that continues, we can expect two more months of more-or-less the same. May was also an improvement on April, which reported a score 50.9. Also on the up was the projects inquiry index which rose from 60.2 to 62.4, and the design contracts index which increased slightly from 53.2 to 54.8.
The ABI is the leading economic indicator of construction activity. It reflects a 9 to 12 month lead time between architecture billings and construction spending. The national index, design contracts, and inquiries are calculated monthly, while the regional and sector categories are calculated as a three-month moving average. The index runs on a scale from 0-100 and scores above 50 suggest growth while anything below implies negativity in the market.
Read the Full Report HERE >>>> Source: Architecture Billings Report May 2017 continues positive streak – Archpaper.com