Architecture Billings Index Shows Nominal Increase

The American Institute of Architects (AIA) recently reported the February ABI score was 50.6, up slightly from a reading of 50.0 the previous month. This score reflects a modest increase in demand for design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 56.4, compared to a mark of 56.5 in December.

Key February ABI highlights include:

• Regional averages: Midwest (55.3), South (50.1), West (49.1), Northeast (46.4)
• Sector index breakdown: commercial/industrial (55.0), mixed practice (51.3), multi-family residential (49.7), institutional (48.9)
• Project inquiries index: 56.4

To see the entire press release, visit www.aia.org/press/AIAB088452

Source: The American Institute of Architects