Steel Markets
September 21, 2016
ABI Decline Does Not Worry Their Chief Economist
Written by Sandy Williams
The Architecture Billings Index dipped to 49.7 in August from 51.5 in July. The Northeast average dropped to 44.9 which pulled the headline index down.
“This is only the second month this year where demand for architectural services has declined and it is only by a fraction of a point,” said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. “Given the solid numbers for new design contracts and project inquiries, it doesn’t appear that this is the beginning of a broader downturn in the design and construction industry.”
