Wednesday, September 22, 2010

ABI inches toward 50; when will industry see growth?

The Architecture Billings Index, the American Institute of Architects' monthly gauge of design activity, moved up for the third straight month in August from 47.9 to 48.2, but still reflects an overall decline by falling short of 50. AIA Chief Economist Kermit Baker tells The Zweig Letter in an exclusive interview in the Sept. 27 issue he sees signs of life but thinks the ABI needs to reach the mid-50s before firms feel much of a difference.

What's happening at your firm? Are you feeling better about the ABI's direction?

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