ABI Falls for Second Consecutive Month

26 June 2011 (Last Updated June 26th, 2011 18:30)

Following a substantial fall in April, the Architecture Billings Index (ABI) has decreased further in May, signifying a complete lack of positive momentum for the industry in the US. The ABI score for May was 47.2 compared with the 47.6 recorded in April, signifying a continued decrea

Following a substantial fall in April, the Architecture Billings Index (ABI) has decreased further in May, signifying a complete lack of positive momentum for the industry in the US.

The ABI score for May was 47.2 compared with the 47.6 recorded in April, signifying a continued decrease in demand for design services.

The new projects enquiry index stood at 52.6, its lowest level in nearly a year and a half and a further decrease from the low mark of 55 recorded in April.

By region, the West recorded the highest ABI of 49.3, the North-east came in second at 47.6, the South recorded an index value of 47.5 while the Midwest was the lowest at 45.9.

Commercial and industrial sectors recorded a value of 46.5, multi-family residential construction came in at 53.6, mixed practices scored 49.1, while institutional construction was 46.5.