Key US construction index hits post crisis high

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The US Architecture Billings Index, which measures activity in the US nonresidential property construction market, hit its highest level in July since 2007.

The Index hit a level of 55.8, up from 53.5 in June, reported the American Institute of Architects (AIA).

Any level above 50 indicates an increase in billings. The AIA said that the Index can be seen as a key leading economic indicator, providing a 9-12 month forward view on spending activity in the US nonresidential construction industry.

Separately, the AIA reported that its New Projects Inquiry Index was at a level of 66, down marginally from 66.4 the previous month.


Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 17 years he has been based in London writing about funds and investments. From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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