1
Commercial/Industrial: 46.9 Institutional: 50.6 Residential: 50.5 40 45 50 55 60 Aug-19 Apr-19 Dec-18 Aug-18 Sector Commercial/industrial firms bear the brunt of the billings decline Graphs represent data from August 2018–August 2019 across the three sectors. 50 represents the diffusion center. A score of 50 equals no change from the previous month. Above 50 shows increase; Below 50 shows decrease. 3-month moving average. 40 45 50 55 60 Aug-19 Apr-19 Dec-18 Aug-18 Regional Billings drop sharply at Midwest firms and also decline at firms in Northeast and South Graphs represent data from August 2018–August 2019 across the four regions. 50 represents the diffusion center. A score of 50 equals no change from the previous month. Above 50 shows increase; Below 50 shows decrease. 3-month moving average. West: 51.2 Midwest: 46.4 South: 48.2 Northeast: 49.1 40 45 50 55 60 65 Billings Inquiries Design Contracts Aug-19 Jul-19 Jun-19 May-19 Apr-19 Mar-19 Feb-19 Jan-19 Dec-18 Nov-18 Oct-18 Sep-18 Aug-18 50.2 47.2 53.8 53.5 50.3 National Firms report rare decline in both billings and in new project work in August Graphs represent data from August 2018–August 2019. Above 50 Below 50 No change from previous period Billings Inquiries Design Contracts Architecture Billings Index (ABI) August 2019 Practice While few U.S. architecture firms currently work internationally, most either have in the past, have plans to pursue, or would consider pursuing international projects units: attitudes toward working internationally; % of firms 13.2% Nothing current, but projects over past 5 years 10.2% Have current projects No projects within 5 years, but potential plans 34.7% No specific plans, but might consider for right project 28.5% Probably or definitely wouldn’t consider any international projects 13.4% The Architecture Billings Index (ABI) is a diffusion index derived from the monthly Work-on-the-Boards survey, conducted by the AIA Economics & Market Research Group. The ABI serves as a leading economic indicator that leads nonresidential construction activity by approximately 9-12 months. The survey panel asks participants whether their billings increased, decreased, or stayed the same in the month that just ended. According to the proportion of respondents choosing each option, a score is generated, which represents an index value for each month. An index score of 50 represents no change in firm billings from the previous month, a score above 50 indicates an increase in firm billings from the previous month, and a score below 50 indicates a decline in firm billings from the previous month. *All graphs represent data from August 2018–August 2019. National Regional Sector Practice ABI

Architecture Billings Index (ABI)content.aia.org/sites/default/files/2019-09/ABI... · The Architecture Billings Index (ABI) is a diffusion index derived from the monthly Work-on-the-Boards

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Page 1: Architecture Billings Index (ABI)content.aia.org/sites/default/files/2019-09/ABI... · The Architecture Billings Index (ABI) is a diffusion index derived from the monthly Work-on-the-Boards

Commercial/Industrial: 46.9 Institutional: 50.6 Residential: 50.5

40

45

50

55

60

Aug-19Apr-19Dec-18Aug-18

SectorCommercial/industrial firms bear the brunt of the billings decline

Graphs represent data from August 2018–August 2019 across the three sectors. 50 represents the diffusion center.A score of 50 equals no change from the previous month. Above 50 shows increase; Below 50 shows decrease. 3-month moving average.

40

45

50

55

60

Aug-19Apr-19Dec-18Aug-18

RegionalBillings drop sharply at Midwest firms and also decline at firms in Northeast and South

Graphs represent data from August 2018–August 2019 across the four regions. 50 represents the diffusion center. A score of 50 equals no change from the previous month. Above 50 shows increase; Below 50 shows decrease. 3-month moving average.

West:

51.2Midwest:

46.4

South:

48.2Northeast:

49.1

40

45

50

55

60

65

BillingsInquiriesDesign Contracts

Aug-19Jul-19Jun-19May-19Apr-19Mar-19Feb-19Jan-19Dec-18Nov-18Oct-18Sep-18Aug-18

50.2

47.2

53.8 53.5 50.3

NationalFirms report rare decline in both billings and in new project work in August

Graphs represent data from August 2018–August 2019.

Above 50 Below 50

No changefrompreviousperiod

BillingsInquiriesDesign Contracts

Architecture Billings Index (ABI)August 2019

PracticeWhile few U.S. architecture firms currently work internationally, most either have in the past, have plans to pursue, or would consider pursuing international projects

units: attitudes toward working internationally; % of firms

13.2%Nothing current, but projectsover past 5 years

10.2%Have current projects

No projects within 5 years,but potential plans

34.7%No specific plans, but might

consider for right project

28.5%Probably or definitely wouldn’t consider any international projects

13.4%

The Architecture Billings Index (ABI) is a diffusion index derived from the monthly Work-on-the-Boards survey, conducted by the AIA Economics & Market Research Group. The ABI serves as a leading economic indicator that leads nonresidential construction activity by approximately 9-12 months. The survey panel asks participants whether their billings increased, decreased, or stayed the same in the month that just ended. According to the proportion of respondents choosing each option, a score is generated, which represents an index value for each month. An index score of 50 represents no change in firm billings from the previous month, a score above 50 indicates an increase in firm billings from the previous month, and a score below 50 indicates a decline in firm billings from the previous month.

*All graphs represent data from August 2018–August 2019.

National Regional Sector Practice

ABI