Architectural Billings Index Rebounds in October
December 2, 2013
American Institute of Architects
Business conditions showed signs of improvement at architecture firms in October, as the Architectural Billings Index score rebounded to 52.0, following flat or declining billings for most of the year so far (a score over 50 indicates billings growth), according to the most recent report from the AIA, which publishes the monthly index. In general, architecture firms remain cautiously optimistic about the future, despite ongoing concerns about a potential economic downturn in the next year. Inquiries into new projects—and the value of new signed design contracts—were both also fairly strong this month, although slightly fewer firms reported growth in October than in September, according to the release.