Notes: *For Moody's Economy.com data the total nonresidential % change figures only include total private nonresidential spending. They do not include institutional (public construction).
All forecasts are presented in inflation-adjusted dollars. Forecasts submitted in current dollars are deflated by the AIA to be comparable with the inflation-adjusted forecasts.
The AIA Consensus Forecast is computed as an average of the forecasts provided by the panelists that submit forecasts for each of the included building categories.
There are no standard definition of some nonresidential building categories, so panelists may define a given category somewhat differently.
Panelists may forecast only a portion of a category (e.g public buildings but not private buldings); these forecasts are treated like other forecasts in computing the consensus.
