ABI up after sharp dip in September

After a sharp dip in September, the Architecture Billings Index climbed nearly three points in October. The American Institute of Architectsreported 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.”

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