Architecture Billings Index Soars to 54.3

Wednesday, April 19, 2017 8:43 PM Written by 
Published in AIA Billings Index

Washington, D.C. – April 19, 2017 – The first quarter of the year ended on a positive note for the Architecture Billings Index (ABI).  As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lead time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the March ABI score was 54.3, up from a score of 50.7 in the previous month. This score reflects a sizable increase in design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 59.8, down from a reading of 61.5 the previous month, while the new design contracts index dipped from 54.7 to 52.3.



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Brett Linton

Brett Linton is a Steel Industry Analyst for Steel Market Update. He is a graduate of North Georgia College & State University with a Bachelor's degree in Finance. Mr. Linton joined SMU in April 2010 as a Research Analyst and is responsible for data management and analysis, market research, developing our visual aids, and writing articles about the economy and steel industry. For more information, you can reach Brett at Brett@SteelMarketUpdate.com.

Website: www.SteelMarketUpdate.com
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