ABI Concludes Year In Positive Territory
January 20, 2016
While the Architectural Billings Index had ups and downs this year, it was positive in 8 of 12 months and ended the year on an upswing: the December score was 50.9, up from 49.3 the previous month.
Compiled by the American Institute of Architects, the ABI is a leading economic indicator for construction: It takes approximately nine months to a year between architecture billings and construction spending. (Any score above 50 indicates an increase in billings.)
“ABI scores for 2015 averaged just below the strong showing in 2014, which points to another healthy year for construction this year,” said AIA Chief Economist Kermit Baker.
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