Economy
March 23, 2017
ABI Back on Track at 50.7 in February
Written by Sandy Williams
The Architecture Billings Index increased modestly to 50.7 in February pulling out of its dip into negative territory in January. The new projects Inquiry index was 61.5, up from 60.0 the previous month, and the design contract index climbed to 54.7 from 52.1.
“The sluggish start to the year in architecture firm billings should give way to stronger design activity as the year progresses,” said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. “New project inquiries have been very strong through the first two months of the year, and in February new design contracts at architecture firms posted their largest monthly gain in over two years.”
