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Inquiries for new projects drop to slowest pace of growth since February 2010.
Institutional memory is an essential component in sustainable system management.
The March ABI score was 50.5, a negligible decrease from a reading of 50.6 the previous month. This score reflects a modest increase in demand for design services. The new projects inquiry index was 58.7, up significantly from a mark of 56.4 in February.
On the heels of its highest mark since 2007, the Architecture Billings Index (ABI) jumped more than two points in December.
Following the first positive reading since January 2008, the ABI dropped nearly two points in October. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to 12 month lag time between architecture billings and construction spending.
For the first time since January 2008, the Architecture Billings Index (ABI) indicated a growth in design activity in September, increasing for the fourth straight month.
The AIA reported the August ABI score was 48.2, up slightly from a reading of 47.9 the previous month.
Following a two-month soft patch, the Architecture Billings Index (ABI) rose almost two full points in July.
Even with modest improvements in the overall U.S. economy, nonresidential construction spending is expected to decrease by more than 20% in 2010 with a marginal increase of 3.1% in 2011 in inflation adjusted terms.
After three straight months of improving conditions, the Architecture Billings Index (ABI) fell nearly three points.