Economy
April 23, 2022
March ABI Shows Strong Growth for Design Services
Written by David Schollaert
Demand for design services from architecture firms in the US expanded sharply in March, following a more modest increase over the previous three months. The gain marked the 14th consecutive month of growth following the pandemic-induced downturn in 2020.
March’s AIA’s Architecture Billings Index registered 58.0, according to the latest report from the American Institute of Architects, one of the highest scores seen since the economic recovery began just over a year ago. The ABI is an advanced economic indicator for nonresidential construction activity with a lead time of 9-12 months. A score above 50 indicates an increase in activity, and a score below 50 indicates a decrease.
