The Architecture Billings Index (ABI) report is back and it’s ready to party so drop that Monday morning cup of coffee and take a sip of the hot data the AIA is serving up. Last month, while we were all just going about our everyday lives, the ABI was soaring to new heights. Any score above a 50 indicates an increase in billings, but the ABI wasn’t satisfied with playing it safe. No, it went all the way to 55.2. Sure, it’s not the 55.8 that got the world talking in July, but it’s still good news and better than August’s 53.0, am I right? There’s more.
Numbers are staying strong. AIA’s Architecture Billing Index for the month of June has revealed steady, but positive growth. The June ABI score of 51.6 reflected only a slight drop from May’s score of 52.9, and still indicates a general upswing for the non-residential construction industry. More projects will likely be on the horizon. The new projects inquiry index reported a significant climb in numbers to 62.6 from 59.1 the previous month.