Architecture Billings Index Bounces Back to Positive Score

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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.

About Michael Corcoran

Michael Corcoran has written 48 post in this blog.

Michael (Mike) Corcoran is a CPA in the Construction Industry Services Group at Aronson. He has over six years servicing construction clients with Aronson and he has worked with a variety of construction contractors, such as electrical, heavy/highway, mechanical, and masonry subcontractors of up to $300 million in annual revenue. Mike specializes in providing assurance and tax services to construction contractors. He graduated with a Bachelor’s of Science Degree in Accounting from West Virginia University in 2004.

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