Architectural Billings Index Hits All-Time Low
25
Feb 2009
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In January, the Architectural Billings Index (ABI) sunk to 33.3, the lowest level in its 13-year history. The score has fallen below 50 for 12 straight months; a score above 50 indicates an increase in billings, and below 50, a decrease.
One of the profession’s leading economic indicators, the index is compiled by the American Institute of Architects (AIA) and is based on surveys sent largely to commercial firms. It reflects a nine- to 12-month lag time between architectural billings and construction spending.
Seen on Architectural Record. Read the full article, here.
8:16 PM Feb 25th
Architectural Billings Index Hits All-Time Low: http://tinyurl.com/af5eqm
1:16 AM Feb 26th
Architectural Billings Index Hits All-Time Low: http://tinyurl.com/af5eqm