ABI Moves Up in November
December 26, 2018
Strongest Growth Since January
The Architecture Billings Index score for November was 54.7, up 4.3 points from October. This marked the fourteenth consecutive month of growth in billings.
“Despite some concerns about a potential economic downturn, architecture firms continue to report strong billings, inquiries, and new design contracts,” said American Institute of Architects Chief Economist Kermit Baker.
The project inquiry index was 63.1, up from the previous month’s score of 58.6. The design contracts index increased from 52.8 to 54.6.
Baker added, “For the coming year, concerns about the economy among architecture firm leaders tend to be balanced by their concerns about a lack of qualified employee prospects.”