The Architecture Billings Index (ABI) has clocked in at a positive 50.9 for January. Although the score brings the ABI into positive territories for the past three months, 50.9 is slightly over the positive measuring marker and actually, just under December’s mark of 51.0. Regional averages place the Midwest as the leading area with 53.7; followed by the South (51.6), Northeast (50.7), and West (45.6). AIA Chief Economist, Kermit Baker, PhD, Hon. AIA explained that even though the index is showing a similar upturn in design billings to the late 2010 and early 2011, firms are still having a hard time staying on their feet. “We still continue to hear about struggling firms and some continued uncertainly in the market, we expect that overall economic improvements in the design and construction sector to be modest in the coming months.”
We want to know if you are seeing positive effects of an increased ABI over the past three months. Are your offices acquiring more projects? Hiring new people? Or, has the situation remained similar over the past months?