U.S. Architecture Billings Index falls in April | Reuters
May 20 The Architecture Billings Index, anindicator of U.S. non-residential http://architektzabrze.jimdo.com/ building activity, fell inApril, the American Institute of Architects (AIA) said onWednesday.
The index fell to 48.8 in April from 51.7 in March.
A reading above 50 indicates an increase in billings.
The index, based on a survey of U.S. architects, reflectsthe roughly nine to 12 months between architecture billings andconstruction spending.
"...April would typically be a month where these projectswould be in full swing, but a severe winter in many parts of theNortheast and Midwest has apparently delayed progress onprojects," AIA Chief Economist Kermit Baker said.
Industrial companies and their investors track the monthlyindex as an indicator of future demand for machinery andcomponents used to construct buildings.
The score for an indicator to measure trends in new designcontracts at architecture firms in April was 53.1.
The new projects inquiry index rose to 60.1 in April from58.2 in March. (Reporting by Abinaya Vijayaraghavan in Bengaluru)