Economy
November 20, 2013
ABI Slows in October
Written by Sandy Williams
After three months of increases, the Architecture Billing Index dropped to 51.6 in October from 54.3 in September, indicating a slower pace of growth for construction design activity. The new project inquiry index, an indicator for future demand, rose to 61.5 from 58.6 last month.
Calculated on a three month moving average, the regional averages were as follows: West 55.9, South 54.4, Midwest 51.6, and Northeast 49.7. The averages dropped in the West and Northeast but were up slightly in the South and Midwest this month.
