AIA's Architecture Billings Index for April Hints That Worst of the Decline May be Over

After steep declines during the fourth quarter of 2008 and the first quarter of this year, architecture firms are reporting that deteriorating business conditions are beginning to moderate. The AIA Architecture Billings Index (ABI) was 42.8 points in April, just a tick below the March reading of 43.7 points. According to Kermit Baker, chief economist, American Institute of Architects (AIA), Washington, D.C., although the index is still pointing to falling business levels, the steepest part of

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