Architecture Billings Index Downturn Moderates as Negative Conditions Continue

by Jonathan McGaha | August 21, 2012 12:00 am

The Architecture Billings Index (ABI) pointed to a slower decline in July in design activity at U.S. architecture firms. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lag time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the July ABI score was 48.7, up considerably from the mark of 45.9 in June. This score reflects a decrease in demand for design services (any score below50 indicates a decline in billings). The new projects inquiry index was 56.3, up from mark of 54.4 the previous month.

Key July ABI highlights:

• Regional averages: , South (52.7), Midwest (46.7) West (45.3), Northeast (44.3)
• Sector index breakdown: multi-family residential (51.4), mixed practice (49.1), commercial / industrial (48.4), institutional (46.6)
• Project inquiries index: 56.3

The regional and sector categories are calculated as a 3-month moving average, whereas the index and inquiries are monthly numbers.

Source URL: https://www.metalarchitecture.com/news/industry-news/architecture-billings-index-downturn-moderates-as-negative-conditions-continue/

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