Architecture billings up, but no significant improvement in new year
The American Institute of Architects yesterday reported that the February Architecture Billings Index (ABI) score was 50.6, up slightly from a reading of 50.0 the previous month.
The score indicates only a modest increase in the demand for design services, as any score above 50 indicates an increase in billings.
The ABI is a leading economic indicator of construction activity that reflects the nine- to 12-month lag time between architecture billings and construction spending.
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