Architecture Billings Index Still Slightly Negative

Washington, DC, May 22, 2014 -– The Architecture Billings Index remained in negative territory for the second consecutive month in April.

The index reflects the approximate nine to 12-month lead time between architecture billings and construction spending.

The American Institute of Architects reported the April ABI score was 49.6, up slightly from a mark of 48.8 in March.

Any score above 50 indicates an increase in billings. The new projects inquiry index was 59.1, up from the reading of 57.9 the previous month.

The AIA has added a new indicator measuring the trends in new design contracts at architecture firms that can provide a signal of the direction of future architecture billings. The score for design contracts in April was 54.6.

“Despite an easing in demand for architecture services over the last couple of months, there is a pervading sense of optimism that business conditions are poised to improve as the year moves on,” said AIA Chief Economist Kermit Baker.

http://www.floordaily.net/flooring-news/Article.aspx?article=24206

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s