ABI up after sharp dip in September
November 17, 2011
After a sharp dip in September, the Architecture Billings Index climbed nearly three points in October. The American Institute of Architects reported the October ABI score was 49.4, following a score of 46.9 in September.
“An increase in the billings index is always an encouraging sign,” said AIA chief economist, Kermit Baker, in a Nov. 16 release. “We’re seeing some regions and some construction sectors move into positive territory. But there continues to be a high level of volatility in the marketplace with architecture firms reporting a wide range of conditions from improving to uncertain to poor. It’s likely we will see a similar state of affairs in the coming months.”