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November 20, 2011

AIA reports rise in October billings index

The American Institute of Architects (AIA) has reported that the Architecture Billings Index (ABI) increased three points in October 2011 after a substantial fall in September.

The American Institute of Architects (AIA) has reported that the Architecture Billings Index (ABI) increased three points in October 2011 after a substantial fall in September.

The ABI score for October 2011 was 49.4, compared with 46.9 in September, although any score under 50 represents a continued decrease in demand for design services.

The new projects enquiry index stood at 57.3, up from a mark of 54.3 in September 2011.

In terms of region, the north-east of the US recorded the highest ABI score of 51.7, the south was second at 49.1, the mid-west recorded an index value of 47.7, and the west was the lowest at 43.5.

Commercial and industrial sectors recorded a value of 53.5, multi-family residential construction came in at 51.3, institutional construction scored 47.3, while mixed practices reached only 42.

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