Last Word Blog

Contents

Categories

Topics

industry-statistics Results

November 19, 2020
A/E Industry 3rd-Quarter Revenues Down 11.8 Year-Over-Year, Flat From 2nd Quarter: The U.S. Census Bureau’s ‘advance estimate’ of total A/E revenues for the third quarter of 2020 (Q3) is $80.08 billion, an 11.8% decline from the same quarter last year. The estimate is less than a half-point improvement from the $79.77 billion in A/E revenues in Q2, which was the first full quarter of the pandemic-caused recession.

September 10, 2020
A/E Employment Surges, But State of Industry Remains Uncertain: A/E employment increased by 14,400 jobs in August to 1,484,000. While that total still lags far behind pre-pandemic levels, the large increase points to a strengthening in the fundamentals for the engineering industry.

August 20, 2020
2020 Second Quarter A/E Revenues Declined 9% Compared to 2019 Q2: In the U.S. Census Bureau's Advance Quarterly Services Report for the second quarter of 2020 (April-June), A/E sector revenues totaled $80.2 billion, a 9 percent decline from same quarter last year and a 7 percent decline from the first quarter of 2020.

July 9, 2020
Deltek's Annual Clarity A&E Industry Study Tracks Firm Performance Benchmarks: Deltek has released its 41st Annual Clarity Architecture and Engineering Industry Study, providing analysis and benchmarks for firms’ financial, business development, project, and human resources performance.

June 26, 2020
Engineering Influence Podcast Highlights Deltek's A&E Firm Benchmarking Study: On the latest Engineering Influence podcast, Deltek's Megan Miller delves into the recently released Deltek Clarity Architecture & Engineering Industry Study, which provides a wide range of benchmarks for engineering firm performance.

June 1, 2020
ACEC Macro-Economic Update: 2020 Started Strong A/E Industry | Q1 GDP Revised Downward: ACEC's Erin McLaughlin reports on the strong start the A/E industry had to 2020 before COVID-19 derailed the economy and the pandemic's impact on U.S. Gross Domestic Product.

May 20, 2020
Architecture Billings Continue Historic Contraction: Demand for design services in April saw the steepest decline on record, according to The American Institute of Architects (AIA).

May 18, 2020
ACEC Macro-Economic Update: Fed Chair Urges More Stimulus | Retail Sales Plummet: ACEC's Erin McLaughlin reports on Federal Reserve Chairman Powell's recent comments and a record drop in retail sales.

May 11, 2020
ACEC Macro-Economic Update: Unemployment Rate Soars | Rent Payments Stabilize: ACEC Vice President Private Market Programs Erin McLaughlin reports on the largest-ever surge in the unemployment rate and a surprising rise in the percentage of tenants paying their May rent.

May 8, 2020
Sixth ACEC Member Survey Results: 36% Say Economic Normalcy Still 12-18 Months Away: While still decidedly negative, firm leaders are feeling slightly better about the condition of the U.S. economy and their firm finances and cash flows, according to the sixth ACEC member survey on the impact of COVID-19.

Member Firm News

November 30, 2020

Thornton Tomasetti announced the launch of T2D2, a software as a service (SaaS) platform that uses artificial intelligence (AI) – computer vision powered by deep learning – to identify and assess damage and deterioration to building envelopes and structures through images.

https://www.thorntontomas

November 24, 2020

Jacobs Engineering Group Inc. today announced its financial results for the fiscal fourth quarter and fiscal year ended October 2, 2020.

https://www.jacobs.com/ne

November 20, 2020

Tetra Tech, Inc. announced today that the Federal Emergency Management Agency (FEMA) awarded a Tetra Tech-led joint venture a five-year, single-award contract, valued up to $50 million, to increase resilience and reduce the costs of recovery efforts in disaster-stricken communities.

https://investor.tetratec

Market Indicators