Architecture Billings Index Climbs by Two Points in July

 

Courtesy of AIA

The AIA’s Architecture Billings Index (ABI) score increased by nearly two points from the previous month, inching closer to 50. ABI for July inched closer to the 50-point threshold again (a score higher than 50 is an indication of growth), climbing nearly two full points from June to 47.9.

Inquiries into new work have grown for 16 of the last 17 months, but this month’s score of 53.1 is the lowest since the beginning of the year. However, this may represent a leveling out of the glut of RFPs that firms have been receiving in recent months that have not translated into actual billable work.

– Courtesy of AIA