To close out the year the Architecture Billings Index (ABI) has remained stable…and low. The month of December marks the fifth consecutive month the economic indicator, reported monthly by the AIA, has remained under 50 coming in at a score of 45.4, a negligible improvement from November’s 45.3. Any score above 50 indicates an increase in billings from the previous month.
“Billings at firms declined for eight months of the year, and the last four months saw this overall weakness accelerate,” said Kermit Baker in a statement. “Fortunately, project backlogs at firms eased only slightly through the year despite the overall reported softness in billings.”
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