Economy
August 18, 2016
ABI Indicates Continued Growth in Construction Sector
Written by Sandy Williams
The July Architecture Billings Index indicated that design activity for construction projects remains healthy although growing at a slower pace than the past two months. The ABI was at 51.5 in July, just above the average score for the first half of 2016 and down slightly from June’s score of 52.6.
New design contracts rebounded from a surprising negative score of 49.7 in June to a score of 51.8. New project inquiries slowed their pace of growth from June.
