ABI Increases, Remains Sluggish in September

American Institute of Architects
October 28, 2019
COMMERCIAL, RETAIL, FABRICATION

The Architectural Billings Index, a measure of billings growth measured by the American Institute of Architects, rose 2.5 points in September to 49.7, but remained below 50 (a score below 50 indicates billings decline). The score demonstrates that billings remain soft at architectural firms, though the decline lessened. The design contracts index, which measures the number of new client contracts signed at firms, did see a healthy increase to 54.4.

Analysts also found that 55 percent of firms reported that backlogs did not change from the second quarter, a quarter of firms reported a 5 percent decrease, and 20 percent said backlogs have increased 5 percent or more in that time.

The South and West experienced growth in billings, while the Northeast and Midwest continued to soften. Firms with commercial specialization also showed an overall decline in billings.

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