Economy
November 20, 2020
Architectural Billings Stall in October
Written by Sandy Williams
Architecture firms report that project planning in October remained weak for the eighth consecutive month. The Architecture Billings Index rose slightly to 47.5 from September’s reading of 47.0, but any number below 50 indicates a decline in billings.
The project inquiries index was a more promising sign for future business conditions, climbing to its highest level in almost a year at 59.1. The new contracts index also improved, pulling from contraction at 48.9 in September to a positive reading of 51.7 in October.
