June marked the third consecutive decline in revenue at U.S. architecture firms as measured by the Architecture Billings Index. The AIA reported the June ABI score was 46.3, almost a full point from a reading of 47.2 the previous month. This score reflects a continued decrease in demand for design services. However, the new projects inquiry index was 58.1, up sharply from a mark of 52.6 in May.
Key June ABI highlights:
- Regional averages: West (51.7), Northeast (47.5), South (47.3), Midwest (44.6)
- Sector index breakdown: mixed practice (51.5), commercial / industrial (50.0), multi-family residential (49.6), institutional (45.9)
- Project inquiries index: 58.1
