Steel Markets
February 22, 2018
ABI Highest Since January 2007
Written by Sandy Williams
The American Institute of Architects’ Architecture Billings Index (ABI) posted its highest January score since 2007. Considered a leading economic indicator of construction activity, the ABI registered 54.7 last month, up from 52.8 in December. Scores above 50 indicate growth in billings.
“Healthy conditions continue across all sectors and regions except the Northeast, where firm billings softened for the second consecutive month,” said AIA Chief Economist Kermit Baker. “With strong billings and healthy growth in new projects to start the year, firms remain generally optimistic about business conditions for the next several months.”
