Architectural Billings Index reflects uncertainty in construction market
Following a two-month soft patch the Architecture Billings Index (ABI) rose almost two full points in July. As a leading economic indicator of construction activity, the ABI reflects the approximate nine- to twelve-month lag time between architecture billings and construction spending. The American Institute of Architects (AIA), Washington, D.C., reported the July ABI score was 47.9 points, up from a reading
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