After five months of a downward trend the Architecture Billings Index (ABI), has reported an increase for the month of March. The industry report, put out each month by The American Institute of Architects (AIA), reported the billings score for March is 50.4, up from 48.0 in February; any score above 50 indicates an increase in firm billings.
While billings are up compared to the previous month, the number of new project inquiries reported by surveyed firms has dropped from 51.3 in February to 48.9 in March. In its report, the AIA suggested that this decline “likely reflects ongoing concern among clients about committing to
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