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Since 1995, the American Institute of Architects has conducted a monthly index detailing trends in billings by architecture firms in the United States. Over time, the Architecture Billings Index (ABI) has become a valuable metric for charting the economic health of the profession, with Archinect...
Inflation, supply chain issues, and economic challenges continue to impact architecture billings, accord to AIA/Deltek's ABI, but institutional design contracts appear to have stabilized.
For the eighth consecutive month, the AIA/Deltek architectural billings index reports a downturn in business conditions, with the pace of decline accelerating in the past four months.
The AIA reports a drop in business conditions across all regions and building sectors for the fourth consecutive month, but the economic forecast is optimistic.