AIA Billings Index Fell in September But Remained Positive
Washington, DC, October 24, 2018-The American Institute of Architects’ (AIA) Architecture Billings Index (ABI) score for September was 51.1 compared to 54.2 in August. However, continued strength in new projects coming into architecture firms points to billings growth in the coming months.
“Similar to the strong conditions we’ve seen nationally, architecture firms located in the Midwest and Southern regions of the country continued to report very strong billings in September,” said AIA Chief Economist Kermit Baker, Hon. AIA, PhD. “However, billings were soft at firms located in the Northeast again, where they have declined or been flat for the entire year so far.”
Regional averages were Midwest, 59.7; South, 54.1; West, 53.1; and Northeast, 46.6.
The sector index breakdown was as follows: institutional, 55.1; multi-family residential, 54.9; mixed practice, 53.4; and commercial/industrial, 50.8.
The project inquiries index was 58.8, and the design contracts index was 54.1.
Related Topics:The American Institute of Architects