Architectural Billings Continue Growth in November
The Architecture Billings Index (ABI) in November was essentially unchanged at 51.9, still indicating modest growth according to The American Institute of Architects (AIA) Economics & Market Research Group. Billings decreased in the Northeast, while architecture firms in all other regions reported growth for the month. For the first time since February, firms in all specializations saw increases in November, especially those focused on commercial/industrial projects. The top business-related concerns for 2020 included increasing firm profitability, coping with an unpredictable economy and managing rising firm costs.
The ABI is produced from the AIA’s monthly Work-on-the-Boards survey, which measures whether architectural firms’ “billings increased, decreased, or stayed the same for the month ended.” A score lower than 50 indicates a decline in billings from the preceding period. See AIA