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Architecture Billings Are Still Declining, But Slower Than Earlier in the Pandemic
A critical economic bellwether is showing tentative signs of recovery. March 2, 2021, 5am PST | James Brasuell |
The American Institute of Architects latest Architecture Billings Index shows a slight improvement in business conditions, although work is still slowing. The report is considered a bellwether for built environment professions, including planning, as well as the larger economy.
An article published by Building Enclosure provides insight into the report s findings, which updates data through the first month of 2021: AIA’s Architecture Billings Index (ABI) score for January was 44.9 compared to 42.3 in December (any score below 50 indicates a decline in firm billings). Last month’s score indicates overall revenue at U.S architecture firms continued to decline from December to January, however, the pace of decline slowed.