TITLE

Architecture billings drop 2 points in May

PUB. DATE
June 2008
SOURCE
Las Vegas Business Press (10712186);6/30/2008, Vol. 25 Issue 26, p7
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the decline in architecture billing in May 2008 in the U.S. after a slight rise in April. Architecture billing is an economic indicator and there is between 9 to 12 month lag time between architecture billing and construction spending. The index for May was 43.4, down from the 45.5 mark in April and any score above 50 indicates an increase in billing. According to economist Kermit Baker, dramatic contraction in design activity has been seen in previous months with the exception of the institutional sector.
ACCESSION #
33833062

 

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