Strong level of questions for new projects, reports AIA
U.S. Architecture bill index has shown signs of a positive first in four months.
American Institute of Architects (AIA) American Institute of Architects (AIA) finally issued the news that the August ABI score was 51.4, following the score a very weak 45.1 in July. Any score above 50 indicates an increase in bills.the August ABI score was 51.4, following the score a very weak 45.1 in July. Any score above 50 indicates an increase in bills.
This score reflects an increase in demand for design services, said AIA Chief Economist Kermit Baker.
Index new investigation project 56.9, up sharply from the previous reading of 53.7 months.
"Based on the poor economic conditions during the last few months, this change in demand for design services is a surprise," said Baker.
"Many companies are still struggling, and continue to report that clients are having trouble getting financing for projects that are feasible, but perhaps we have reached the bottom of the down cycle."
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