AIA’s monthly Architecture Billings Index lowered a bit in June, decreasing 0.3 point from May's score of 53.5. 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.
“The ABI held in growth territory as demand for nonresidential services stayed strong in June," explains Ali Wolf, the chief economist of ARCHITECT's parent company, Zonda. "This indicator will become increasingly important to watch over the next few months to see if the industry slows along with the national economy or bucks the trend.”Read More