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Architecture Billings Index (ABI) Indicates Business Conditions at Firms Weakened Even Further

The Architecture Billings Index (ABI), produced monthly by the AIA Economics and Market Research Group, indicates that following March’s plummet, billings at architecture firms sank even lower in April, as the COVID-19 pandemic continued to severely affect firm business. The ABI score declined to 29.3, a new all-time low for the index (a score below 50 indicates decreasing billings), with more than half of responding firms reporting a further decline in their firm billings from March to April.