The Architectural Billings Index rose to 46.1 in June, nearly three points higher than May’s 43.4 score. The inquiries score also rose, to 51.8, after dropping to 46.5 in May – the lowest inquiries score in the ABI’s 13-year history. A number above 50 indicates an increase, and below 50, a decrease.
Despite the slight uptick, the future doesn’t look bright. This is the fifth straight month that the billings score has dipped below 50. In March, billings plummeted to an all-time low score of 39.7 (RECORD, May 2008).