Continuing our reporting on the Architecture Billings Index, the ABI score slighly increased from 50.0 in January to 50.6 this past month. Although only a small jump, regional average for the Midwest and South remained over 50 (55.3 and 50.1 respectively), and the West and Northeast reported scores of 49.1 and 46.4. ”Overall demand for design services seems to be treading water over the last two months,” said AIA Chief Economist, Kermit Baker, PhD, Hon. AIA. “We’ve been preaching patience and cautious optimism for a full recovery because there continues to be a wide range of business conditions for architecture firms that are also influenced by firm size, practice specialties and regional location. We still expect the road to recovery to move at a slow, but steady pace.”
Following our recent updates about the Architecture Billings Index, the most recent news from the AIA shows a slight increase for the month of July. The American Institute of Architects reported the July ABI score was 47.9, up from a reading of 46.0 the previous month.