A Very Negative Leading Economic Indicator
By: Myles, February 18th, 2009
The Architecture Billings Index (ABI) dropped to a historic low in January 2009.
Because there is typically a nine- to 12-month lag between an architect billing a developer and that developer spending money on construction, the billings index is considered a leading economic indicator of nonresidential construction activity.
AIA compiled the calculated January’s 2009 overall ABI rating […]
Tags: Architecture Billings Index, Leading Economic Indicator
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