ABI Bounces Back in May

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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