AIA: Cool April Billings Reflect Wider Economic Uncertainty

The American Institute of Architects Architecture Billings Index measured 48.5 in April, dipping back below a score of 50.0.

The American Institute of Architects monthly Architecture Billings Index posted at 48.5 in April, contracting 1.9 points from March's score of 50.4 and dipping back below 50.0. The ABI is a leading economic indicator of construction activity in the U.S. and reflects a nine- to 12-month lead time between architecture billings and construction spending nationally, regionally, and by project type. A score above 50 represents an increase in billings from the previous month, while a score below 50 represents a contraction.