The American Institute of Architects (AIA) released its May Architecture Billings Index (ABI) which came as good news to those in the construction industry because the May score was 52.9. This positive score could be viewed as more significant than other positive scores this index has produced because it is a positive score following a negative score in the month of April. For those who follow the ABI there will be a sigh of relief because the previously reported negative score may have just been an anomaly, and that there will continue to be increases in construction spending in the coming months. The new projects inquiry index also increased to 59.1 during the month of May.
To learn more about the most recent ABI score please read the AIA’s press release.