Business Conditions at Architecture Firms Remain in Decline for 18th Consecutive Month
In July, AIA/Deltek reported an Architecture Billings Index (ABI) score of 48.2 (any score below 50.0 indicates decreasing business conditions), marking the 18th consecutive month of declining billings for architecture firms. While up slightly from the previous month's score of 46.6, indicating a slowing in the rate of decline, the data shows that over half of responding firms are navigating challenging business conditions.
Image courtesy American Institute of Architects/Deltek
“Architecture firms continue to face a billings slowdown,” said AIA chief economist Kermit Baker. "However, the emerging prospects of lower interest rates coupled with a modest uptick in project inquiries suggest that some dormant projects may be revived in the coming months.”
The significant increase in inquiries into new projects is coupled with a fourth month of decline in newly signed design contracts. Business conditions remained in decline in most U.S. regions, but firms located in the Northeast reported stable billings for the second consecutive month.
Image courtesy American Institute of Architects/Deltek
Compare recent ABI scores with the interactive graph below.
ES by OMG
Euro-Savings.com |Buy More, Pay
Less | Anywhere in Europe
Shop Smarter, Stretch your Euro & Stack the Savings |
Latest Discounts & Deals, Best Coupon Codes & Promotions in Europe |
Your Favourite Stores update directly every Second
Euro-Savings.com or ES lets you buy more and pay less anywhere in Europe. Shop Smarter on ES Today. Sign-up to receive Latest Discounts, Deals, Coupon Codes & Promotions. With Direct Brand Updates every second, ES is Every Shopper’s Dream come true! Stretch your dollar now with ES. Start saving today!
Originally posted on: https://www.architecturalrecord.com/articles/17065-business-conditions-at-architecture-firms-remain-in-decline-for-18th-consecutive-month