According to Bloomberg Newsweek, US Architects should be seeing signs of improvement as the Architecture Billings Index has increased for the third straight month, up from 46.1 in March to 48.5. Measured by the AIA, the Architecture Billings Index (ABI) serves as an indicator of future building for offices, warehouses and retail properties. The indexes are developed each month by asking AIA firm participants whether their billings increased, decreased, or stayed the same in the month that just ended. The score is generated based on the proportion of respondents choosing each option. Breaking the index down regionally, the Northeast fared the best with 51, followed by the Midwest at 49.2, the South at 46.5, and finally, the West at 44.7.
However, we know that statistics often times don’t clue us in on the real happenings, so we’d like to hear from you. What has been your experience? Do you feel that the economy is finally turning around and the worst is over? Or, are you worried, due to the latest economical problems with Greece and crisis of the Euro, that another crash is due to affect our profession?
Source: Prashant Gopal for Bloomberg