AIA Billings Index Reverses Lower in September

Washington, DC, Oct. 21, 2011 -- After the first positive score in four months, the Architecture Billings Index reversed course in September, according to the American Institute of Architects.

AIA said its index score was 46.9, following a score of 51.4 in August.

The new projects inquiry index was 54.3, down from a reading of 56.9 the previous month.

"It appears that the positive conditions seen last month were more of an aberration," said AIA Chief Economist Kermit Baker.

"The economy is weak enough at present that design activity is bouncing around more than usual; one strong month can be followed by a weak one. The economy needs to be stronger to generate sustained growth in design activity."

Print the Article