Economy
March 19, 2015
ABI Improves Slightly in February
Written by Sandy Williams
The Architecture Billings Index inched up slightly in February after falling below the neutral point in January. The ABI, which reflects the nine to twelve month lead time between architecture billings and construction spending, registered 50.4, up from 49.9 the previous month. Any score over 50 indicates an increase in billings.
The ABI has been above 50 for ten of the last twelve months and February’s score indicates a minor increase in design services. The new projects inquiry declined 2.1 points to 56.6 in February.
