Architecture Billings Index Hits Rare Two-Month Downturn
Nov 1st, 2016
For the first time in four years, the Architecture Billings Index (ABI) posted consecutive months of a decline in demand for design services.
For the first time in four years, the Architecture Billings Index (ABI) posted consecutive months of a decline in demand for design services.
After beginning the year with a decline, the Architecture Billings Index has posted three consecutive months of increasing demand for design activity at architecture firms, according to the latest report from the American Institute of Architects (AIA). The ABI reflects the approximate nine- to twelve-month lead time between architecture billings and construction spending.
The Architecture Billings Index (ABI) in March was 51.9, up from a mark of 50.3 in the previous month, according to the American Institute of Architects (AIA).
The Architecture Billings Index (ABI) finished 2015 in positive terrain, recording month-to-month increases in eight of the year’s 12 months.
The Architecture Billings Index (ABI) declined in November, recording a score of 49.3. That’s down from 53.1 the previous month, according to the American Institute of Architects (AIA).
With a positive showing in September, the Architecture Billings Index has now seen growth in six of the last nine months, according to the American Institute of Architects.