Architectural Billings Index Remained Flat in July
Billings at architecture firms remained flat in July, with an AIA/Deltek Architecture Billings Index (ABI) score of 50.0 for the month.
A score of 50.0 means that the share of firms that reported a decline in their billings in July is equal to the share of firms that reported an increase in their billings for the month. Inquiries into new projects continued to grow, but at a slightly slower pace than in the last two months. However, the value of newly signed design contracts was flat in July, which means that firms saw fewer clients committing to projects than they had in the previous two months.