AIA Billings Index drops in January. A leading indicator of U.S. nonresidential construction spending fell in January to its lowest level since August 2009 as more construction projects were delayed or canceled. According to the American Institute of Architects, the Architecture Billings Index (ABI) was down last month 2.9 points to 42.5. The index has remained below 50 since January 2008 indicating soft demand for design services.
All access premium subscription
Only Electrical Marketing newsletter subscribers have access to premium content.
Being a subscriber to the Electrical Marketing newsletter allows you exclusive access to high value content including key economic indicators measuring the health of the market and access to the Electrical Price Index and other important industry insights.
Sign up for the Electrical Marketing newsletter to get access.