Economy
Architecture Billings Index Continues Positive Trend
Written by Brett Linton
December 19, 2018
The Architecture Billings Index remained positive in November and rose over four points to 54.7, according to the Wednesday release by the American Institute of Architects (AIA).
This is the 14th consecutive month of increasing demand for architectural firms’ services and the strongest billings growth figure in 10 months. The project inquiries index rose to 63.1, the highest level seen in over three years.
“Despite some concerns about a potential economic downturn, architecture firms continue to report strong billings, inquiries and new design contracts,” said AIA Chief Economist Kermit Baker. “For the coming year, concerns about the economy among architecture firm leaders tend to be balanced by their concerns about a lack of qualified employee prospects.”
Below is a graph showing the history of the AIA Billings Index and Inquiries Index. You will need to view the graph on our website to use its interactive features; you can do so by clicking here. If you need assistance logging into or navigating the website, please contact our office at 800-432-3475 or info@SteelMarketUpdate.com.
Brett Linton
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