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November 26, 2019

Architecture Billings Index Rebounds After Two Down Months

Architecture Billings Index Rebounds After Two Down Months

The AIA Architecture Billings Index (ABI) rebounded into positive territory in October after two months of decline in demand for design services.

The ABI posted a 52.0 score in October, up from 49.7 in September. Any score above 50 indicates an increase in billings.

Both new project inquiries and design contracts scores remained positive, with scores of 57.9 and 52.9 respectively.

“Although ongoing uncertainty over the direction of economic growth persists, a strong stock market and growing payrolls at U.S. businesses continue to generate more construction projects,” said AIA Chief Economist Kermit Baker. “With most regional and sector billing scores at architecture firms improving from the previous month, we’re seeing a bit of a rebound from disappointing levels of design activity in recent months.”

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