Architecture Billings Remain Flat in May

AIA’s Architecture Billings Index (ABI) score for May showed a small increase in design services at 50.2, which is slightly down from 50.5 in April. Any score above 50 indicates an increase in billings. Both the project inquiries index and the design contracts index softened in May but remained positive.

“The last four consecutive months, firm billings have either decreased or been flat, the longest period of that level of sustained softness since 2012,” said AIA Chief Economist Kermit Baker, Hon. AIA. “While both inquiries into new projects and the value of new design contracts remained positive, they both softened in May, another sign the amount of pending work in the pipeline at firms may be starting to stabilize.”

The scores for the project inquiries index and design contracts index both sank in the May ABI, but maintained positive scores of 56.2 and 50.9, respectively. Both the regional averages and the sector index breakdown were evenly split between positive and negative scores as well.