Items Tagged with 'economic analysis'

The AIA/Deltek Architecture Billings Index (ABI) dipped slightly below 50 for November.

After twenty months of declining billings, the AIA/Deltek Architecture Billings Index score for October was 50.3. This score indicates a balance between the number of firms experiencing a decrease in billings and those seeing an increase.

August marked the nineteenth consecutive month of declining billings for architecture firms, according to the latest data from the AIA/Deltek Architecture Billings Index. The pace of decline during August accelerated, posting an ABI score of 45.7, a decrease from 48.2 in July.

July marked the eighteenth consecutive month of declining billings for architecture firms, according to the latest data from the AIA/Deltek Architecture Billings Index.

Business conditions remain soft at architecture firms in June with the AIA/Deltek Architecture Billings Index reporting a score of 46.4. Any score below 50 indicates that billings decline, although somewhat fewer firms reported a decline in billings in June than in May.

Spending on nonresidential buildings is projected to increase more than 7% this year, according to The American Institute of Architects mid-year Consensus Construction Forecast.

The AIA/Deltek Architecture Billings Index score declined to 42.4 in May, as more firms reported a decrease in billings than the month prior.  

Architecture firm billings remained soft in April, with an AIA/Deltek Architecture Billings Index (ABI) score of 48.3 for the month. The score rose from 43.6 in March but still indicates that billings continue to decline at most architecture firms.

This bi-annual report delivers timely information on residential and non-residential market trends and product relationships for both residential and non-residential fenestration products. Forecasts are based on projections of construction activity as of May 2024.

On April 23, the Federal Trade Commission voted 3-2 to issue a new rule prohibiting the use of noncompete agreements for most U.S. workers. It is estimated that approximately 30 million workers are currently bound by such agreements, which prevent them from changing employers in their industry.