Economy
June 25, 2015
ABI Shows Growth in May
Written by Sandy Williams
The Architecture Billings Index rose to 51.9 in May from 47.8 in April. The Index, which reflects the approximate nine to 12 month lead time between architecture billings and construction spending, showed an increase in demand for new schools, hospitals, cultural facilities and municipal buildings last month.
The ABI, published monthly by the American Institute for Architects (AIA), has fallen twice so far in 2015, and is now back in positive territory. Any score above 50 indicates an increase in billings for design services.
