AIA’s August Architectural Billings Index Still Not Picking Up Any Signs of Action

The Architecture Billings Index (ABI) dropped to its lowest level since June. Published monthly by the American Institute of Architects (AIA), Washington, D.C., the ABI is a leading economic indicator of construction activity and reflects the approximate nine-to-twelve month lag time between architectural billings and construction spending. The AIA reported on Sept. 23 that the August ABI rating was 41.7 points, down slightly from 43.1 points in July. This score indicates a decline in demand

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