ABC Unveils Construction Backlog Indicator; Backlog for May Rises to 6.3 Months
July 29, 2009
The Associated Builders and Contractors Inc. (ABC) has released
its inaugural Construction Backlog Indicator (CBI), a forward-looking
measurement reflecting the amount of work to be performed by contractors
in the months ahead.
According to the report, the overall CBI in the nation's nonresidential
construction industry, which includes industrial, infrastructure
and commercial/institutional segments, rebounded in May to 6.3 months,
up from 6.2 months in April, but is still down by roughly 0.8 months
since November 2008, when ABC began collecting data. During the
past seven months, nonresidential backlog is down by an average
of 24 days.
Backlog in May rose in each of the four regions that ABC monitors,
with the exception of the South. Despite this drop, at 7.5 months,
the South now reports the longest average backlog with the Northeast
coming in with the shortest average backlog. CLICK
HERE to view a map of the regions.
Firms in the $10-million to $30-million earning segment saw an increase
in backlog on a monthly basis, but a decrease compared to November
2008, while the $30-million to $50-million segment saw no change
in May compared to April, but fell compared to November 2008. Firms
with annual revenues of more than $100 million continue to report
the longest backlog at 9.9 months, down from 10.3 months in November
HERE to view the full report.
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