September sees modest improvement in Architecture Billings Index relative to recent months


Last month fewer architecture firms reported a decline in billings, up slightly from previous months, but still lagging behind pre-pandemic numbers. The AIA's Architecture Billings Index (ABI) report for the month of September shows a score of 47.0, indicating that a little over half of firms are continuing to see a decline in revenue, up from 40.0 in August. The reported number of inquiries, however, are promising, up to 57.2 compared to 51.6 in August. 

Architectural employment is continuing to rebound, but remains volatile, as seen in Archinect's industry-leading architecture job board. 

More September ABI Highlights
  • Regional averages: West 45.6 (41.7 in August); South 43.7 (41.6 in August); Midwest 45.6 (41.3 in August); Northeast 41.5(33.9 in August)
  • Sector index breakdown: residential 54.0; commercial/industrial 43.3; institutional 40.5
  • Design contracts index: 46.0
  • Firms reported that they expect their revenue to decrease by an average of 1.9% from the third quarter to the fourth...
Paul Petrunia via Archinect - News https://bit.ly/2IUxTT5

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