Is the worst over?
ABI from Calculated Risk
According to Bloomberg Newsweek, US Architects should be seeing signs of improvement as the Architecture Billings Index has increased for the third straight month, up from 46.1 in March to 48.5. Measured by the AIA, the Architecture Billings Index (ABI) serves as an indicator of future building for offices, warehouses and retail properties. The indexes are developed each month by asking AIA firm participants whether their billings increased, decreased, or stayed the same in the month that just ended. The score is generated based on the proportion of respondents choosing each option. Breaking the index down regionally, the Northeast fared the best with 51, followed by the Midwest at 49.2, the South at 46.5, and finally, the West at 44.7.
However, we know that statistics often times don’t clue us in on the real happenings, so we’d like to hear from you. What has been your experience? Do you feel that the economy is finally turning around and the worst is over? Or, are you worried, due to the latest economical problems with Greece and crisis of the Euro, that another crash is due to affect our profession?
Source: Prashant Gopal for Bloomberg
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Puerto Rico’s economy is interlaced with, and in some regards dependent on, the US economy. And in Puerto Rico the architectural activity is all but dead.
Impeccably timed article – Dow nudging 10K, Germans threatening to implode Europe, everyone now accepting real likelihood of a double dip recession, jobs rarer than hen’s teeth. So yeah, goin’ great.
University architecture students are really in no hurry to see this recession end. As long as school continues, architectural employment really doesn’t matter so long as things improve once graduation rolls around and students are ready enter the workforce.
Which is right now!! Great non-point…
Is the worst over? On the contrary, it’s is possible that the “worst” has not even begun (check out the automatic earth: http://theautomaticearth.blogspot.com/2010/08/august-13-2010-bubble-psychology-and.html)