5th Consecutive Month of Gains in Architecture Billings Index

by Jonathan McGaha | January 22, 2013 12:00 am

Business conditions at architecture firms continue to improve. As a leading economic indicator of construction activity, the Architecture Billings Index (ABI) reflects the approximate nine to twelve month lag time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the December ABI score was 52.0, down from the mark of 53.2 in November. This score reflects an increase in demand for design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 59.4, down slightly from the 59.6 mark of the previous month.

Key December ABI highlights:

• Regional averages: Midwest (55.7), Northeast (53.1), South (51.2), West (49.6)
• Sector index breakdown: commercial / industrial (53.4), mixed practice (53.0), institutional (50.9), multi-family residential (50.5)
• Project inquiries index: 59.4

Source URL: https://www.metalarchitecture.com/news/industry-news/5th-consecutive-month-of-gains-in-architecture-billings-index/

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