ABI Rebounds in May After Readings Fall in April

In May, the AIA’s Architecture Billings Index (ABI), rebounded back into growth territory with a reading of 52.9 after last month’s reading dropped below 50 to 48.6. This was the first significant decrease in design activity after eight straight months of gains. Even with the increase in the ABI number there were still some worrisome signs in the May figures. The Midwest sector did not experience an upswing in billings with an ABI reading of 47.5. Until recently, all four sectors had been trending upward. Another alarming trend is billings in firms concentrating in the commercial/industrial sector reported a reading of 47.5. Continue reading this article here.