AIA Architecture Billing Index Continues to Slide Downward

For the third consecutive month the American Institute of Architects (AIA) Architecture Billing Index (ABI) decreased.  This trend is concerning and may represent further contraction within the industry through 2011 and the beginning of 2012.  Another concern expressed by the AIA’s chief economist, Kermit Baker, this month is the current debt ceiling debate in Washington D.C. which will adversely impact construction spending with increases in borrowing rates. 

Though the June ABI index reflected poor scores, there was an increase in the new projects inquiry score.  This is good news as this score represents the possibility of these inquiries developing further in the future into new projects.  

You can read the full press release for the June ABI at the AIA website.

Got questions? Connect with an experienced Aprio advisor today.
Schedule a Consultation