architecture billings index

Almanac Market Data

Nearly a Year of Steady Non-Residential Billings Growth

August showed further improvement in billings at U.S. architecture firms. The Architecture Billings Index (ABI) score of 53.8 for the month reflected the strongest growth in activity in six months, and marked the twelfth time in the past 13 months that design activity has increased nationally. The strength in recent readings in the ABI, coupled with the extended period that architecture firms have been reporting generally favorable conditions, points to an impending healthy upturn in nonresidential activity.