2017 ended with a tailwind of increased architectural activity. The ABI records architectural billings on commercial building projects. Any value greater than 50 means that architecture billings are increasing; conversely, any value less than 50 means billings are decreasing. The ABI is a leading indicator of commercial building construction by approximately nine to 12 months.
While weaker than November's ABI of 55, the December figure of 52.9 is still a strong result. The new project inquiry metric increased to 61.9, up from 61.1 in November.
Here's is the regional breakdown for December 2017:
Sector Averages for December 2017:
Overall, this month's data is pretty strong, with the Northeast showing the only declining billings. Let's hope this tailwind carries us to a strong 2018.