ABI Continues Pattern of Mild Growth
May 18, 2016
The Architectural Billings Index for April is 50.6, down from the mark of 51.9 in March but still representing an increase.
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.)
“Architects continue to report a wide range of business conditions, with unusually high variation in design activity across the major building categories,” said AIA Chief Economist Kermit Baker. “The strong growth in design contracts – the strongest score for this indicator since last summer — certainly suggests that firms will be reporting growth in billings over the next several months.”
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