The latest Architectural Billings Index (ABI) produced by the AIA (American Institute of Architects) in the Unites States rose slightly in February from January’s results. This is the US architectural profession’s best economic indicator and the slight uptick in billings means architects are, by-and-large, doing a little better than the previous month.
The US AIA's ABI point to improvement in design/building sector of the economy.
Such an indication is made more notable by the continued index improvement in inquiries to architectural services which started to rise back in January from a low in December. The ABI’s results suggest that perhaps the down economy is reaching a bottom or floor (insofar as the building industry is concerned). To read the full report go here.