RenMac: Renaissance Macro Research(@RenMacLLC):In June, the AIA Architectural Billings Index rose to 47.3 undoing some of its decline last month. Still, the index remains mired in contraction (sub-50). The billings index tends to lead nonresidential structures investment by roughly 3-4 quarters so expect continued weakness.

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RenMac: Renaissance Macro Research@RenMacLLC

2026.07.22 14:22

In June, the AIA Architectural Billings Index rose to 47.3 undoing some of its decline last month. Still, the index remains mired in contraction (sub-50). The billings index tends to lead nonresidential structures investment by roughly 3-4 quarters so expect continued weakness.