Architecture Billings Index Ticks Up in February

Washington, DC, March 23, 2011 -- The Architecture Billings Index edged up 0.6 points to 50.6 in February, the American Institute of Architects said.

It was the fourth consecutive reading at 50 or above, a sign that billings by architecture firms are rising.

The index is considered a predictor of construction spending about nine to 12 months in the future and readings above 50 indicate business is growing.

The AIA's separate index of inquiries about new projects dipped slightly to 56.4.

"Overall demand for design services seems to be treading water over the last two months," said AIA Chief Economist Kermit Baker. "We still expect the road to recovery to move at a slow, but steady pace."

Print the Article