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    March 21, 2024

    Modest decline in Architecture Billings Index hints at receding slowdown

    Written by Brett Linton

    The Architecture Billings Index (ABI) indicated architecture firm billings continue to decline through February, according to the American Institute of Architects (AIA) and Deltek. While the latest reading does not indicate improving business conditions, it is one of the higher measures seen in recent months, suggesting the recent slowdown may be diminishing.

    The February ABI score of 49.5 is now the highest rate recorded since August. While the index has moved higher consecutively each month since October, it has remained in contraction territory since August. This time last year the index was 48.0, while two years prior it was 51.3.

    Brett Linton

    Brett Linton is a digital operations analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.

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