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July 2019

Architectural Billings Index

May’s ABI national overall score of 50.2 was down 0.3 points from April’s 50.5, but still in the expansionary zone, (>50). U.S. architecture firms with emphasis on commercial and industrial architect reported exceptional strong billings. Regionally activity was stronger in the Midwest and South. The new design contracts index decreased by 1.2 points to 50.9. [...]

ISM Manufacturing Index

The Institute of Supply Management’s Index moved down 0.4 points on month, (m/m) to 51.7 for June 2019. This value is an encouraging sign for the manufacturing sector.  The index has been greater than 50, (>50 = expansion) for thirty-three consecutive months. The new orders sub-index scored a 52.7.  Overall, the ISM manufacturing index is strong [...]

June 2019

Employment by Industry

Figure 1 shows manufacturing and construction employment on the same chart from 2005 to present. Both manufacturing and construction employment are showing growth, construction is growing at a faster rate on a percentage basis. Legislation is also being put in place to encourage construction employment. For example, in exchange for the tax relief, the legislation [...]

ISM Non-Manufacturing Index

The Institute for Supply Management’s non-manufacturing composite index increased by 1.4 points month on month, (+2.5 %m/m) to 56.9 in May. The indexes remain strong in 2019, down 2.9% 12MMA y/y. The ISM nonmanufacturing survey measures the rate and direction of change in activity in nonmanufacturing industries. Surveys are sent to more than 370 purchasing [...]