Architectural Billings Slightly Improve in May
The Architecture Billings Index (ABI) in May increased 2.5 points from April to 32.0 but still indicates poor business conditions at a majority of firms, according to The American Institute of Architects (AIA) Economics & Market Research Group. Design contracts increased 5.5 points in May to 33.1. May billings showed further declines across all regions,
U.S. Furniture Orders Plummet in April
U.S. residential furniture factory orders in April fell 61% from the comparable month in 2019, and were down 52% from March, according to a recent survey of manufacturers and distributors. Year-to-date orders were 21% lower the same period last year. Of those surveyed, 100% reported lower orders in April. Shipments decreased 50% from both March
U.S. Consumer Confidence Jumps in June
U.S. consumer confidence in June registered at 98.1, rising 14.2% from May, according to The Conference Board Consumer Confidence Index. The index measuring current business and labor market conditions increased from 68.4 in May to 86.2, and the short-term outlook for income, business and labor market rose from 97.6 last month to 106.0 in June.
U.S. Manufacturing Shipments Up in May
Total seasonally adjusted shipments for all U.S. manufacturing industries in May rose 3.1% from April to $417 billion. U.S. wood product manufacturing shipments totaled $8.6 billion, down 4.0% from April. May shipments of furniture and related products increased 4.3% to $6.1 billion. New orders for all U.S. manufacturing increased 8.0% from April to $412.8 billion.
U.S. Construction Spending through May Exceeds 2019
U.S. construction spending in May was estimated at a seasonally adjusted annual rate of $1.36 trillion, falling 2.1% from April but rising 0.3% from the year-ago period. Year-to-date spending rose 5.7% from the first five months of 2019 to $543.2 billion. Private construction spending decreased 3.3% from April to a seasonally adjusted annual rate of
CPA Welcomes New Associate Members
The CPA Board of Directors recently voted to approve the following new Associate Members. Schrader Verfahrenstechnik GmbH, headquartered in Ennigerloh, Germany, manufactures technical evaporation systems for wood-based panel production plants to reduce wastewater. The membership will be represented by Michael Brackmann, Sales Director Evaporation. See Schrader Verfahrenstechnik Greenlam America, Inc., based in Doral, Florida, is an
Architectural Billings Slightly Improve in May
The Architecture Billings Index (ABI) in May increased 2.5 points from April to 32.0 but still indicates poor business conditions at a majority of firms, according to The American Institute of Architects (AIA) Economics & Market Research Group. Design contracts increased 5.5 points in May to 33.1. May billings showed further declines across all regions,
U.S. Furniture Orders Plummet in April
U.S. residential furniture factory orders in April fell 61% from the comparable month in 2019, and were down 52% from March, according to a recent survey of manufacturers and distributors. Year-to-date orders were 21% lower the same period last year. Of those surveyed, 100% reported lower orders in April. Shipments decreased 50% from both March
U.S. Consumer Confidence Jumps in June
U.S. consumer confidence in June registered at 98.1, rising 14.2% from May, according to The Conference Board Consumer Confidence Index. The index measuring current business and labor market conditions increased from 68.4 in May to 86.2, and the short-term outlook for income, business and labor market rose from 97.6 last month to 106.0 in June.
U.S. Manufacturing Shipments Up in May
Total seasonally adjusted shipments for all U.S. manufacturing industries in May rose 3.1% from April to $417 billion. U.S. wood product manufacturing shipments totaled $8.6 billion, down 4.0% from April. May shipments of furniture and related products increased 4.3% to $6.1 billion. New orders for all U.S. manufacturing increased 8.0% from April to $412.8 billion.
U.S. Construction Spending through May Exceeds 2019
U.S. construction spending in May was estimated at a seasonally adjusted annual rate of $1.36 trillion, falling 2.1% from April but rising 0.3% from the year-ago period. Year-to-date spending rose 5.7% from the first five months of 2019 to $543.2 billion. Private construction spending decreased 3.3% from April to a seasonally adjusted annual rate of
CPA Welcomes New Associate Members
The CPA Board of Directors recently voted to approve the following new Associate Members. Schrader Verfahrenstechnik GmbH, headquartered in Ennigerloh, Germany, manufactures technical evaporation systems for wood-based panel production plants to reduce wastewater. The membership will be represented by Michael Brackmann, Sales Director Evaporation. See Schrader Verfahrenstechnik Greenlam America, Inc., based in Doral, Florida, is an
