|
contents | business | |||||||||
| Architecture Billings slips almost four points in January After showing positive momentum during the fourth quarter of 2010, the Architecture Billings Index (ABI) slipped almost four points in January. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lag time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the January ABI score was 50.0, down from a reading of 53.9 the previous month. This score reflects stable demand for design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 56.5, down sharply from a mark of 61.6 in December. write your comments about the article :: © 2011 Construction News :: home page |