Momentum Increasing for Architecture Billings Index

The Architecture Billings Index (ABI) is signaling improving conditions for the overall design and construction industry.

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 June ABI score was 53.5, up from a mark of 52.6 in May. This score reflects an increase in design activity (any score above 50 indicates an increase in billings). The new projects inquiry index was 66.4, up noticeably from the reading of 63.2 the previous month and its highest level in a calendar year.

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600450 Momentum Increasing for Architecture Billings Index
Date: 24 July 2014
Source: The American Institute of Architects

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