AEC companies that trade on the stock exchange can tell you a lot about how our industry is faring. The stock market ticker below is live Monday-Friday. Another valuable tool is the Architectural Billing Index (ABI). More detail can be found at www.aia.org and www.bloomberg.com.
Architectural Billing Index:
For immediate release:
Washington, D.C. – April 23, 2014 – Billings at architecture firms, tracked by the Work-on-the-Boards survey, fell to 48.8 in March from 50.7 a month earlier. The inquiry index, which tracks a firm’s capacity to take on additional work, rose to 57.9. A score above 50 indicates an increase in billings, while a reading below 50 indicates a negative outlook.
A score above 50 indicates an increase in billings, while a reading below 50 indicates a negative outlook.
Commercial building construction typically follows the billings index by about nine months.
The Architecture Billings Index (ABI) is a diffusion index derived from the monthly Work-on-the-Boards survey, conducted by the AIA Economics & Market Research Group. The ABI serves as a leading economic indicator that leads non-residential construction activity by approximately 9-12 months. A score above 50 indicates that firms in aggregate are reporting an increase in activity that month compared to the previous month, while a score below 50 indicates that firms are reporting a decrease in activity.Yahoo finance API is not available right now, please try again soon...
Company updates from Google News
Posts from PSMJ|Resources Inc.