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Industry News / Market Forecast

June 26, 2019

AIA's Billings Index Dips to 50.2; Billings Decreased or Flat for Past Four Months

The AIA's Architectural Billings Index (ABI) for May dropped slightly to 50.2, from 50.5 in April.

The ABI is an economic indicator for nonresidential construction activity, with a lead time of approximately 9–12 months. Any score above 50 signifies a growing market.

“The last four consecutive months, firm billings have either decreased or been flat, the longest period of that level of sustained softness since 2012,” said AIA Chief Economist Kermit Baker. “While both inquiries into new projects and the value of new design contracts remained positive, they both softened in May as well, another sign the amount of pending work in the pipeline at firms may be starting to shrink.”

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