NEW YORK The
architectural billings index (ABI) remained positive in June,
indicating growth in construction for the second month in a
row, after billings contracted in April for the first time in
The American Institute
of Architects (AIA) put the June ABI at 51.6, down from 52.9 in
May, reflecting an increase in demand for design services. The
strongest growth was seen in the Northeast (55.6) and the South
(54.8), while the weakest growth was in the Midwest (48.3).
The ABI is an
indicator for use of steel construction materials cited by U.S.
steel mills as a forecast for growth in product lines such as
rebar, varieties of wire rod, and other structural products.
The ABI reflects an approximate nine- to 12-month lag between
construction billings and construction spending.