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MARKET-FORECAST Results
August 12, 2019
Dodge Momentum Index Drops in July; Institutional Sector Takes Bigger Hit

The Dodge Momentum Index dropped 4.6 percent in July to 138.9, down from the revised June reading of 145.6. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.

July 25, 2019
EBI: Recruitment and Retention are Biggest Challenges for Firm Leaders

More than half of firm leaders (52 percent) participating in the 2nd Quarter ACEC Engineering Business Index survey reported that recruiting and retaining quality employees is their biggest challenge.

July 29, 2019
Engineering Influence Podcast Dives into the 2nd Quarter Engineering Business Index Survey Results

In the latest episode of ACEC's Engineering Influence podcast, Strategic Communications Director Jeff Urbanchuk and Senior Communications Writer Gerry Donohue discss the latest Engineering Business Index (EBI) results. To listen to the episode, click here.

July 23, 2019
EBI Survey Respondents Report Positive Impacts of 2017 Tax Reform

In the latest Engineering Business Index survey released last week, more than one quarter of firm leaders (26 percent) credited the 2017 Tax Cuts and Jobs Act with improving their bottom line."

July 19, 2019
Small Increase in ACEC's Engineering Business Index Fueled by Long-Term Optimism

The ACEC Engineering Business Index (EBI) edged up 0.4 points to 62.6 in the Q2 2019 survey, the second consecutive quarterly increase.

June 28, 2019
Report: Sea Level Rise Could Force More Than $400 Billion in Seawall Construction

Coastal communities in the lower 48 states will face more than $400 billion in seawall costs due to sea level rise over the next 20 years, according to a new report by the Center for Climate Integrity and Resilient Analytics.

June 26, 2019
AIA's Billings Index Dips to 50.2; Billings Decreased or Flat for Past Four Months

The AIA's Architectural Billings Index (ABI) for May dropped slightly to 50.2, from 50.5 in April.

Construction Confidence Rebounds in Second Quarter

The Commercial Construction Index (CCI), which track contractor confidence, rose two points in the second quarter of 2019 (2Q19), following a three point drop in the first quarter (1Q19) survey.

June 5, 2019
U.S. Energy Storage Deployments Increase 232 Percent Year-over-Year

More than 148 megawatts of energy storage were deployed in the first quarter (Q1) of 2019, a 232 percent increase over Q1 2018, according to the Wood Mackenzie U.S. Energy Storage Monitor. Front-of-the-meter (FTM) deployments rose more than 500 percent year-over-year.

May 23, 2019
Architectural Billings Index Climbs Back into Positive Territory

The American Institute of Architects (AIA) Architectural Billings Index rose in April to 50.5, up from 47.8 in March. Any score above 50 indicates an increase in billings.

Member Firm News
August 14, 2019

Boxwood Merger Corp. (Nasdaq: BWMC, BWMCU and BWMCW) (“Boxwood”), a publicly-traded special purpose acquisition company, and Atlas Intermediate Holdings LLC (“Atlas”) (combined together with Boxwood, the “Company”), a leading provider of professional testing, inspection, engineering and consulting services, announced today that they have entered into a definitive agreement whereby Atlas will become a wholly-owned indirect subsidiary of Boxwood. Immediately following the proposed transaction, Boxwood intends to change its name to Atlas Technical Consultants, Inc. (“Atlas Technical”) and its shares of Class A common stock are expected to continue to be listed on The Nasdaq Stock Market under the ticker symbol “ATCX.”

https://www.oneatlas.com/


August 6, 2019

The joint venture of Gannett Fleming and Dewberry announced that it was awarded one of four five-year engineering/architecture indefinite delivery, indefinitely quantity (IDIQ) contracts issued by the U.S. Army Corps of Engineers (USACE) Jacksonville District.

http://www.dewberry.com/n


July 24, 2019

WEST was awarded a 5-year Indefinite Delivery Architect-Engineer Contract worth up to $4.5 million from the U.S. Army Corps of Engineers (USACE), Los Angeles District for AE Hydrologic and Hydraulic Services for Civil Works Projects. 

https://www.westconsultan


Market Indicators
Indicators

ACEC Engineering Business Index (EBI)
Indicator Up image
62.6 (2Q, 2019)
62.2 (1Q, 2019)

Engineering Employment
Indicator Up image
1,521,800 (July)
1,517,500 (June)

Construction Spending
Indicator Down image
$1,286,997,000 (June)
$1,303,427,000 (May)

ACEC Stock Index
Indicator Down image
38.16 (August 5)
41.90 (July 29)

Dodge Momentum Index
Indicator Down image
138.9 (July)
145.6 (June)

Morrissey Goodale M&A Index
Indicator Down image
297 Deals year-over-year (August)
312 Deals year-over-year (July)

AIA Billings Index
Indicator Down image
49.1 (June)
50.2 (May)

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