Work-on-the-Boards: Business Conditions at Architecture Firms Largely Unchanged in May
Architects see stimulus program projects generally promoting emerging design trends
by Kermit Baker, PhD, Hon. AIA
AIA Chief Economist
Summary: The path toward recovery in design activity has stalled recently. After a significant moderation in the downturn in design billings in March, the AIA’s Architecture Billings Index (ABI) has failed to show any further hopeful signs in April or May. The ABI score from May was 42.9, barely moving the needle from the 42.8 score in April. Since any score below 50 reflects an overall decline in billings, the May reading indicates that business conditions at architecture firms are still deteriorating, and that there was no significant movement toward recovery during the month.
Full article via AIAarchitect Blog