Economy

ABI Drops for Second Month in a Row
Written by Sandy Williams
January 23, 2014
The Architecture Billings Index declined in December to 48.5 from 49.8 in November, marking the first consecutive monthly decline since May and June of 2012. Chief Economist Kermit Baker was unsure why the demand for architectural services is slowing and attributes some of the decline to anxiety caused by the government shutdown. Baker said “it will be important to see how business conditions fare through the first quarter of the new year when we no longer have end of the year issues to deal with.”
The new projects inquiry rose to 59.2 from a reading of 57.8 in November.
Calculated on a three month moving average, the regional averages were as follows: West 53.2, South 51.2, Midwest 47.0, and Northeast 42.8.
For the sector index breakdown was as follows: multi-family residential 53.8, mixed practice 51.0, commercial/industrial 47.1, and institutional 44.8.
As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lead time between architecture billings and construction spending.
Below is an interactive graphic which can only be seen when reading the newsletter (or this article) on our website. If you need help logging into the website please contact our office at 800-432-3475 or info@SteelMarketUpdate.com.
{amchart id=”64″ AIA ABI Index}

Sandy Williams
Read more from Sandy WilliamsLatest in Economy

Supply chains, end-users brace for impact from tariffs
Supply chains are working through what the tariffs mean for them

ISM: Manufacturing expansion loses steam after two months of growth
US manufacturing activity slowed in March after two straight months of expansion, according to supply executives contributing to the Institute for Supply Management (ISM)’s latest report.

Chicago Business Barometer rose to 16-month high in March
The Chicago Business Barometer increased for the third-consecutive month in March. Despite this, it still reflects contracting business conditions, as it has since December 2023.

Durable goods orders rise again in February
Transportation equipment led the increase, rising 1.5% to $98.3 billion.

Consumer confidence falls for fourth consecutive month
People remain concerned about inflation, trade policies, and tariffs.