May ABI Still Growing for Design Services, But Pace Slows

Demand for design services from architecture firms in the US continued to expand in May, though the score was down three points month-on-month (MoM). May marked the 16th consecutive month of growth following the pandemic-induced downturn in 2020.

The May AIA Architecture Billings Index registered 53.5, down slightly from April’s score of 56.5, according to the latest report from the American Institute of Architects. The ABI is an advanced economic indicator for nonresidential construction activity with a lead time of 9-12 months. A score above 50 indicates an increase in activity, and a score below 50 indicates a decrease.

Construction

David Schollaert

David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

David Schollaert

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