Architecture Billings Index (ABI)
The Architecture Billings Index is an economic indicator for nonresidential construction activity, with a lead time of approximately 9–12 months. Investment groups like Wells Fargo, media outlets, firms of all sizes, and business leaders rely on this leading monthly economic indicator to assess business conditions and predict and track the market.
The index is derived from AIA’s Work-on-the-Boards survey, which has gathered data on shifts in billings from architectural firm leaders for over 20 years. This data is a trusted tool used by the design and construction industry and other firms to predict and track movements in the market
Examples of the ABI in use:
- Firm strategic planning: ADD Inc., a multidisciplinary design firm with 200 employees, uses the ABI to help prepare for market fluctuations and ramp-up hiring.
- Determining business cycle shifts: Johnson Controls, which provides buildings services, looks to ABI for an early picture of construction trends to use in resource planning and stockholder guidance—and to identify expansion opportunities.
- Timing in a changing economy: One of the largest privately held family-owned real estate development and construction firms, Gilbane Inc., finds the ABI vital to help manage budgets, prepare for market movements, manage RFPs and seek leads.
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ABI June 2018: Billings grow at modestly slower pace
Though fewer firms reported growth than in May, architecture firm billings still increased for the ninth consecutive month.
ABI May 2018: Firm billings continue to grow
Business conditions at architecture firms remained strong in May, which marked the eighth consecutive month of billings growth.
ABI April 2018: Healthy growth in billings continues
A positive score in April extended the string to seven straight months that US architecture firms have reported gains in design billings.
ABI March 2018: Firm billings increase at more sluggish rate
Architecture firm billings increased for the sixth consecutive month in March, although the pace of growth slowed modestly from February.
ABI February 2018: Billings growth at firms slows modestly
Although billings grew at a slower pace than in January, business conditions remained strong in February and firm billings have now increased for five consecutive months.
ABI January 2018: Firms start the year with strong billings
Architecture firms began 2018 on a positive note as AIA’s Architecture Billings Index rose to its highest January score since 2007.