Tips, Tricks & Resources For MEP Detailers

ABC Construction Backlog Indicator (CBI) Up 8.9%

Posted by Rob W on September 22, 2009

Nonresidential Construction Industry May Have Hit Bottom

WASHINGTON, D.C. (September 22, 2009) – Associated Builders and Contractors (ABC) today reports that the nation’s Construction Backlog Indicator (CBI) for July rose 8.9 percent to 6.1 months from 5.6 months in June. The CBI is a gauge on the amount of construction work to be completed, measured in time, currently under contract.

“While the magnitude of monthly increase was significant and impressive, June was the lowest point for the CBI since ABC began collecting national data in November 2008. At that time, the CBI stood at 7.1 months, or 14 percent above its current level of 6.1 months,” said ABC Chief Economist Anirban Basu.

“The July data strongly reflect the effects of the stimulus package signed into law in February on the commercial, institutional, industrial and infrastructure construction segments,” said Basu. “In the months ahead, we expect higher levels of actual construction spending, a welcome sign for the industry and the economy at large, and an indication that the downturn may be over for the nonresidential construction industry, though not all segments.”

ABC’s CBI represents the only reliable leading economic indicator focused on the U.S. commercial, institutional, industrial and infrastructure construction industries at this level of detail. The indicator is published bi-monthly and data are collected from ABC members on an ongoing basis…Read More


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