ABI Falls in March

American Institute of Architects
April 22, 2019

The Architectural Billings Index dropped in March, ending a two-year streak of growth. The Index registered a score of 47.8—a score below 50 indicates decreasing firm billings. Compiled by the American Institute of Architects, the index’s analysts caution against reading the score as a predictor of poor business conditions; analysts point to harsh winter conditions as a potential reason for decreased billings.

In addition, the report's other indicators continue to grow; inquiries into new work, and the value of new design contracts both posted above-50 scores, though the latter’s growth has slowed in the past few months. Nonetheless, billings decreased across all geographic regions, with the exception of the South. Commercial/industrial firms experienced significant softening, according to analysts.