AIA Northern Virginia
Architecture Billings Index Shows Modest Increase
Posted Friday, December 1

AIA recently released the Architecture Billings Index (ABI) for October, which shows a modest uptick from the slowdown in billings reported in September. The October ABI score was 51.7, up from 49.1 in September. This score reflects an increase in design services provided by U.S. architecture firms. The new projects inquiry index was 60.2, up from a reading of 59.0 the previous month, while the new design contracts index eased slightly from 52.9 to 52.8. As far as regional averages, the Northeast came in strongest at 54.0, followed by the South (50.8), West (49.8), and Midwest (49.0). The sector index shows commercial / industrial projects as the strongest at 51.2, with mixed practice, multi-family residential, and institutional all at 50.7. Information on the ABI is available on the AIA website

About the AIA Architecture Billings Index
The Architecture Billings Index (ABI), produced by the AIA Economics & Market Research Group, is a leading economic indicator that provides an approximately nine to twelve month glimpse into the future of nonresidential construction spending activity.

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