ABI Posts Small Gain in January

February 24, 2020
Industry News

Billings Remain Positive in January

The Architecture Billings Index score for January was 52.2, adding 0.1 to the revised December score of 52.1 in December.

“Despite the continued presence of volatility in the economy, design activity has begun to accelerate in recent months,” said AIA Chief Economist Kermit Baker, PhD, Hon. AIA.

The project inquiries index score was 57.9, losing 0.8. The design contracts index gained 3.1 points at 56.0.

Baker added, “Even with the ongoing challenges facing the nonresidential construction sector, this upturn points to at least modest growth over the coming year.”