The Architectural Billings Index (ABI) rose slightly in February, to 35.3, after dipping to all-time low score of 33.3 in January. A score above 50 indicates an increase in billings, and below 50, a decrease.
The index, one of the profession’s leading economic indicators, reflects a nine- to 12-month lag time between architectural billings and construction spending. The American Institute of Architects produces the index based on surveys sent to architecture firms.
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