Economy
September 24, 2015
Written by Sandy Williams
The Architecture Billings Index slipped below the neutral point in August indicating a decrease in construction design planning. The August ABI score registered 49.1, down from 54.7 in July. The new projects inquiry index dropped to 61.8, down from 63.7.
The slip is “not a cause for concern” according to AIA Chief Economist Kermit Baker:
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To kick off the official sessions of the 2023 Steel Summit, Dr. Anirban Basu, chairman and CEO of the Sage Policy Group, focused on the broader context in which steel prices are set, outlining major factors currently shaping economic outcomes in our country.
Mexico has decided to implement import tariffs on a number of products, among them, steel.
As mortgage rates continue to rise and housing demand slows, builder confidence is waning. A drop in July housing starts was the first in seven months.
Economic activity in the US manufacturing sector contracted for the ninth month in a row in July, according to the latest report on business from the Institute for Supply Management (ISM).