ABI Infographic Jan 2018 Feb 2019 V3

Transcript

1 Architecture Billings Index (ABI) January 2019 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 nonresidential construction activity by approximately 9-12 months. The survey panel asks participants whether their billings increased, decreased, or stayed the same in the month that just ended. According to the proportion of respondents choosing each option, a score is generated, which represents an index value for each month. An index score of 50 represents no change in firm billings from the previous month, a score above 50 indicates an increase in firm billings from the previous month, and a score below 50 indicates a decline in firm billings from the previous month. *All graphs represent data from January 2018–January 2019. ABI Sector Regional Practice National No change National from previous period Architecture firm report strengthening billings to start 2019 Below 50 Above 50 Graphs represent data from January 2018–January 2019. Inquiries Design Contracts Billings 65 60 55 50 51.0 55.3 53.7 51.9 51.2 45 40 Jul-18 Aug-18 Sep-18 Oct-18 Dec-18 Jan-19 Nov-18 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Regional Firms in all regions of the country report strong billings growth Graphs represent data from January 2018–January 2019 across the four regions. 50 represents the diffusion center. A score of 50 equals no change from the previous month. Above 50 shows increase; Below 50 shows decrease. 3-month moving average. 60 Midwest: West: 55 54.4 51.5 50 45 Northeast: South: 52.4 54.7 40 Jan-19 May-18 Jan-18 Sep-18 Sector 60 Business conditions continue to improve at firms of all specializations 55 Graphs represent data from January 2018–January 2019 50 across the three sectors. 50 represents the diffusion center. A score of 50 equals no change from the previous month. Above 50 shows increase; Below 50 shows decrease. 45 3-month moving average. 40 Jan-19 Sep-18 May-18 Jan-18 Residential: 52.6 52.6 Commercial/Industrial: Institutional: 52.9 Practice Nearly one quarter of firms report experiencing an impact from the recent government shutdown units: % of firms reporting that their firm has seen the given impact from the government shutdown 100% Yes, a direct impact 10% 12% 13% on at least one of 15% our projects 6% 10% 11% 80% 13% Yes, indirectly through contractors/ clients who were 60% affected No, we did not see 84% 40% an impact and do 78% 76% 72% not expect to/don’t know/other 20% Multifamily Commercial/ Institutional All firms industrial residential specialization specialization specialization

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