U.S. Architecture Firms’ Billing Index Falls in March

Billings at U.S. architecture firms fell in March according to the American Institute of Architects.

Billings at architecture firms, tracked by the Work-on-the-Boards survey, fell to 51.9 in March from 54.9 a month earlier. The inquiry index, which tracks a firms capacity to take on additional work, fell to 60.1. A score above 50 indicates an increase in billings while a reading below 50 indicates a negative outlook.

Commercial building construction typically follows the billings index by about six months. Following is a table compiled from the American Institute of Architects billings index:

===========================================================================
                    March   Feb.   Jan.   Dec.   Nov.   Oct.  Sept.   Aug.
                     2013   2013   2013   2012   2012   2012   2012   2012
===========================================================================
Billings Index       51.9   54.9   54.2   51.2   52.3   52.0   51.5   50.5
  Monthly change     -3.0    0.7    3.0   -1.1    0.3    0.5    1.0    1.2
Inquiry Index        60.1   64.8   63.2   57.9   58.3   58.7   57.7   57.9
  Monthly change     -4.7    1.6    5.3   -0.4   -0.4    1.0   -0.2    0.8
===========================================================================
                    March   Feb.   Jan.   Dec.   Nov.   Oct.  Sept.   Aug.
                     2013   2013   2013   2012   2012   2012   2012   2012
===========================================================================
Northeast            54.6   56.7   53.4   52.7   52.1   53.7   50.2   48.3
Midwest              53.9   54.7   54.8   54.1   53.9   51.8   49.9   47.5
South                53.6   52.7   52.0   51.2   50.7   51.4   52.1   52.8
West                 51.9   54.7   53.3   52.2   50.2   51.2   51.9   51.8
-----------------------------------------------------------------------
Residential          56.9   60.9   56.9   53.8   52.8   56.1   56.9   55.3
Industrial           53.5   53.3   52.1   52.6   50.5   50.1   48.6   49.1
Institutional        50.6   50.7   50.7   50.1   50.4   50.4   50.6   50.5
Mixed                53.3   56.9   55.7   53.7   53.2   51.9   50.6   48.3
===========================================================================
NOTE: Regional and Sector data is a 3-month rolling average; data is 
seasonally adjusted.

SOURCE: American Institute of Architects

To contact the reporter on this story: Ainhoa Goyeneche in Washington at agoyenechecu@bloomberg.net

To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net

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