AIA Architecture Billing Index Continues Positive Trend
March 1, 2012
The Architecture Billings Index (ABI) by the American Institute of Architects (AIA) has seen 3 consecutive months of positive scores over 50.0. This may be a result of improving business conditions around the country, however it is noted that there was a similar upturn in late 2010 and early 2011, as pointed out by AIA chief economist Kermit Baker. If your construction company could use some good news the recent trend in the ABI should make you feel cautiously optimistic, as this may indicate potential new work later in 2012.
The Wall Street Journal has taken notice of this trend as seen in a recent article. Also visit the AIA website to view the full ABI press release.
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