AIA Billings Index Rises in August

29 September 2010 (Last Updated September 29th, 2010 18:30)

The architecture billings index rose to 48.2, up from 47.9 the previous month, indicating slight improvement in the industry, according to the American Institute of Architects. The US construction industry however failed to show a month-on-month increase. AIA chief economist

The architecture billings index rose to 48.2, up from 47.9 the previous month, indicating slight improvement in the industry, according to the American Institute of Architects.

The US construction industry however failed to show a month-on-month increase.

AIA chief economist Kermit Baker said project cancellations were the main road block to recovery for the construction sector.

"Work that is being done is more likely smaller renovation projects, as opposed to new buildings," he said.

The north-eastern states scored 50.9 and the commercial / industrial sector scoring 50.6 and new projects inquiry score stood at 54.6, according to bdonline.co.uk.