Dive summary:
- The Architectural Billings Index showed a third month of growth in October, the most recent accounting, reaching 52.8.
- With results above 50 meaning there has been an increase in billings, the index's prediction for construction activity nine to 12 months in the future is pleasant overall, though the commercial industrial sector came in under 50.
- The American Institute of Architects also said its index of inquiries about possible work went up to 59.4
From the article:
"With three straight monthly gains – and the past two being quite strong – it’s beginning to look like demand for design services has turned the corner," said AIA Chief Economist, Kermit Baker, PhD, Hon. AIA. ...