AEC survey shows uneven economic decline within construction industry


Piggybacking on recent data specific to the architecture industry, a new Quarterly Market Forecast from business consultant group PSMJ Resources indicates that current and near-term construction activity has steeply fallen off in the wake of the COVID-19 pandemic.

Like recent findings published by the American Institute of Architects (AIA) Architecture Billings Index (ABI) report for April, PSMJ finds that demand for construction activity has fallen in nearly all the industry sectors it measures, with commercial development impacted the most. 

Also like the ABI, PSMJ's survey has registered historically low economic conditions. The survey, according to PSMJ, consists of "193 responses from the consistent group of hundreds of A/E/C firm leaders who regularly complete the quarterly survey."

Previously on Archinect: "Architecture Billings Index continues historic drop in April."  Image courtesy of Pixabay.

The survey indicates a glimmer of hope, however, reporting that "Public-sector ma...

Antonio Pacheco via Archinect - News https://bit.ly/2M1Mhav

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