Architecture Billings Slow in September
October 24, 2018
Midwest and Southern activity lead in billings
While growth remained positive for the twelfth consecutive month, architecture billings slowed in September.
The Architecture Billings Index (ABI) score for September was 51.1, down 3.1 points from the previous month. Any score above 50 indicates growth in billings.
“Similar to the strong conditions we’ve seen nationally, architecture firms located in the Midwest and Southern regions of the country continued to report very strong billings in September,” said American Institute of Architects Chief Economist Kermit Baker.
The project inquiry index was 58.8, up from the previous month’s score of 58. The design contracts index increased from 49.6 to 54.1.