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  3. ABI Bounces Back in May

ABI Bounces Back in May

ABI Bounces Back in May
ABI Bounces Back in May, via CalculatedRiskBlog.com
via CalculatedRiskBlog.com

Following the first negative downturn in ten months (what AIA Chief Economist, Kermit Baker, Phd, is hoping was just a "blip"), May's Architecture Billing Index (ABI) has bounced back from a score of 48.6 to 52.9. Any score above 50 indicates an increase in billings (aka an expansion in demand for architects' services).

Baker notes that "there is [still] a resounding sense of uncertainty in the marketplace from clients to investors and an overall lack of confidence in the general economy – that is continuing to act as a governor on the business development engine for architecture firms.” However, the scores, which revealed the most growth in the Northeast as well as in the multi-family residential and institutional sectors, are good signs for the design and construction industries. 

More results of this month's ABI, after the break...

Key May ABI Highlights include:

  • Regional averages: Northeast (53.7), West (52.1), South (50.9), Midwest (47.5)
  • Sector index breakdown: multi-family residential (52.8), institutional (52.2), mixed practice (51.0), commercial / industrial (47.5)
  • Project inquiries index: 59.1 (up from 58.5 last month)
  • Story via the AIA

    About this author
    Cite: Vanessa Quirk. "ABI Bounces Back in May" 19 Jun 2013. ArchDaily. Accessed . <https://www.archdaily.com/391017/abi-bounces-back-in-may/> ISSN 0719-8884

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