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November's AIA/Deltek Architecture Billings Index nearly flat for second month in a row
The latestAIA/Deltek Architecture Billings Index (ABI) for November has recorded a second consecutive flat reading. The slight decrease to 49.6 indicates a near-equal balance between the number of firms experiencing a decrease in billings versus those seeing increases. Inquiries into new work continued to grow, while the value of newly signed design contracts declined for the eighth month in a row."Given the extended weakness in business conditions at architecture firms, increasing firm profitability remains the top concern for 2025, with one-third of firm leaders selecting it as a major issuethe highest since 2017," Kermit Baker, the AIA's Chief Economist, said in a statement."Negotiating appropriate project fees ranked second, chosen by 21 percent, while 20 percent identified finding new clients and markets or improving business planning and marketing as a top concern, up from 18 percent last year," his statement continued.Related on Archinect: Architecture Business Metrics ...
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