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Midwest and Northeast see Growth12-02-10 | News

Midwest and Northeast see Growth




The monthly ABI index scores are centered around 50, with scores above 50 indicating an aggregate increase in billings, and scores below 50 indicating a decline. The regional and sector data are formulated using a three-month moving average. Courtesy of AIA
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While the overall Architecture Billings Index declined this month, architecture firms located in the Northeast and Midwest reported growth in firm billings for the third month in a row in October. Business continues to improve in these two regions of the country, with both reporting their highest scores in nearly three years - 54.5 in the Northeast and 51.8 in the Midwest.

A firm in the Midwest, commercial/industrial specialization said that opportunities for new projects vary widely each month. There's no signs of steady positive movement in signed proposals; many clients looking but not signing.

A firm in the West, institutional specialization said they're busy until February. After that, most committed work is in construction administration.

- Courtesy of AIA

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