ABC's 'Construction Backlog Indicator' Hits Record High The Associated Builders and Contractors measure of its members' backlogs for new work reached a record high during the second quarter of this year, when its Construction Backlog Indicator (CBI) hit 8.5. That was up 5.6% from the previous quarter and 3.6% above a year ago. "The long-awaited, brisk non-residential building recovery may be upon us," says Anirban Basu, ABC chief economist. "Backlog gains were nearly ubiquitous during the second quarter, with gains registered in every industry segment in nearly all geographies and for firms of virtually all sizes," he says. Further increases
The growing need to collect, store and analyze the huge volumes of data collected from infrastructure project stakeholders is generating a new growth area for construction-sector firms, IT vendors and professionals.