The Architectural Billings Index took a sharp rise in May, breaking out of two straight months in negative territory.
Compiled by the American Institute of Architects, the ABI is a leading economic indicator for construction: It takes approximately nine months to a year between architecture billings and construction spending.
Volatility is the watchword for the design and construction markets, according to AIA Chief Economist Kermit Baker, but he foresees improvement: “Overall, it appears that activity has recovered from the winter slump, and design professions should see more positive than negative numbers in the coming months.”
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