Architecture Firm Billings Continue to Contract Heading Into 2026
February 19, 2026
The AIA/Deltek Architecture Billings Index® (ABI) dropped to 43.8 in January, down from 47.1 in December, signaling a greater number of firms experienced a decline in billings compared to the previous month. In January, inquiries for new projects dropped for the first time since April 2025, alongside a decline in newly signed design contracts, as client uncertainty persisted and new projects tended to be smaller in scale. Billings decreased across the country, except in the South, where they held steady.
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January 2026 NEMA Electroindustry Business Confidence Index
February 12, 2026
The Current Conditions component declined to 55.6, down sharply from 72.2 in December. Respondents reported that 22 percent experienced “better” conditions, 11 percent reported “worse,” and 67 percent saw conditions remain unchanged. Compared to last month, the distribution of responses reflects a pullback in momentum and greater variability in operating conditions across firms. Overall sentiment remains slightly expansionary, but at a notably weaker level than in December.
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