July Architecture Billings Index stagnates into negative territory


The American Institute of Architects (AIA) has published its Architecture Billings Index (ABI) report for the month of July, showing demand for architecture billings maintaining a similar level of economic contraction as the month of June amid a spike in COVID-19 cases and the re-imposition of lock down initiatives across many states. 

According to a summary of the report's findings, July's ABI "failed to show any progress during July, and business conditions continued to be soft at firms" as "newly signed design contracts declined more critically" than overall demand, foreshadowing continued economic contraction within the architecture industry in the months ahead.

July ABI highlights
  • Architecture Billings Index score for July: 40.0
  • Project inquiries index: 49.1
  • Design contracts index: 41.7

Demand for design services declined for the fifth consecutive month in July, according to the report, though the decline was less severe than for the months of March and April. Interest in new proj...

Antonio Pacheco via Archinect - News https://bit.ly/3iSDtC4

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