A few weeks ago, the American Institute of Architects reported that it’s monthly “work on the boards” index for April was 48.6. Just yesterday, the May number came out — 52.9.
Perhaps it doesn’t seem like a big move. But the 48.6 was below the magic “50″ level that differentiates between an expanding world of nonresidential construction under design, and LESS work. The April number was the first “negative” number in a while, so it made headlines.
May’s number is VERY positive. Does this mean the April number was a blip?
Remember: The Architecture Billing Index is thought to foreshadow the direction of nonresidential construction in 9 to 15 months.
EleBlog verdict: Taken in context, this is a continuation of the positive trend that seemed to be broken by April.
Source: http://electricalcontractor.com/?p=9895
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