December 5, 2005—The Architecture Billings Index (ABI), a leading economic indicator of nonresidential construction activity, showed growth for the tenth consecutive month in October, according to the monthly report from The American Institute of Architects (AIA).
The October ABI rating of 57.5 (for diffusion indexes any score above 50 indicates an increase) represents somewhat slower growth than the 60.5 score in September, but exceeds the 57.1 monthly average for 2005, according to the index.
Architecture firms that specialize in commercial/industrial projects reported the strongest billings increase, with institutional firms operating at a stable rate, and residential firms experiencing a slowdown in billings activity.
For the full report, visit the AIA Web site.
