Architectural Billings Index Continues Positive Trend

Architectural Billings Index Continues Positive Trend

The American Institute of Architects (AIA) reported that the Architecture Billings Index (ABI) saw a jump of more than a full point last month, indicating acceleration in the growth of design activity nationally.

The July ABI score was 52.7, up from a mark of 51.6 in June. This score reflects an increase in demand for design services. The new projects inquiry index was 66.7, up dramatically from the reading of 62.6 the previous month.

"There continues to be encouraging signs that the design and construction industry continues to improve," said AIA Chief Economist, Kermit Baker, PhD, Hon. AIA.

"But we also hear a wide mix of business conditions all over the country, ranging from outstanding and booming to slowly improving to flat.

In fact, plenty of architecture firms are reporting very weak business conditions as well, so it is premature to declare the entire sector has entered an expansion phase."

AIA

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