April's Architecture Billings Index at 48.3 indicates decreased economic activity for architectural firms, despite increased inquiries for new projects.

April's Architecture Billings Index shows a slight improvement at 48.3, but still indicates a decrease in economic activity for architectural firms. Despite an increase in inquiries for new projects, the total value of newly signed design contracts decreased. Firms are also pursuing more international projects due to the US interest rate situation. The AIA expects design activity to remain sluggish.