ABI Falls for Third Consecutive Month

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

Following a substantial fall in May, the Architecture Billings Index (ABI) decreased further in June, signifying continued decline for the design-build industry in the US. The ABI score for June was 46.3, compared with the 47.2 recorded in May, signifying a continued decrease in demand

Following a substantial fall in May, the Architecture Billings Index (ABI) decreased further in June, signifying continued decline for the design-build industry in the US.

The ABI score for June was 46.3, compared with the 47.2 recorded in May, signifying a continued decrease in demand for design services.

The new projects enquiry index stood at 58.1, up from a mark of 52.6 in recorded in May.

By region, the west recorded the highest ABI of 51.7, the north-east came in second at 47.5, the south recorded an index value of 47.3 while the midwest was the lowest at 44.6.

Commercial and industrial sectors recorded a value of 50, multifamily residential construction came in at 49.6, mixed practices scored 51.5, while institutional construction reached only 45.9.