Architecture Billings Index grows again in January
The Architecture Billings Index (ABI) continued to show signs of growth in the month of January, continuing a modest year-end rally into the first quarter of 2020.
January ABI highlights- Architecture Billings Index Score for December: 52.2
- Project inquiries index: 57.9
- Design contracts index: 56.0
The latest ABI report from the American Institute of Architects (AIA) shows that the construction industry is continuing to grow at a modest clip this year, fueling hopes that the late-stage economic expansion that has been fueling increased building activity over the last decade will continue to take shape over the coming year.
January's billings score of 52.2 represents a slight step up from January's score of 52.1, and follows similar growth shown in December (52.5), November (51.9), and October (52.0).
