AIA/Deltek ABI reports slight uptick in billings
The American Institute of Architects (AIA) released the AIA/Deltek Architecture Billings Index® (ABI) for February. The report indicated a slight increase in billings at a score of 49.4 up from 43.8 in January. This index suggests a potential rebound from a slow winter, but other uncertainties in the economy may stunt this growth. The AIA/Deltek ABI index also reported that the Northeast was especially affected by the harsh winter while South and other more temperate areas remained flat.
“While the ABI data shows some positive trends, the broader economy continues to struggle, with unemployment increasing in February,” said AIA Chief Economist, Richard Branch. “However, architectural services employment remained steady in January at 204,600, up nearly 2,000 positions from a year ago.”
