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The ABI is generally considered to be a leading indicator of construction activity, which is clearly a major component of the economy. One month clearly does not make a trend, but apparently the industry is in better shape than since early 2008.
Friday, October 22, 2010
Architecture Leading Indicator Perks Up: GROWTH!
This month's AIA Architectural Billing Index, which measures month-over-month billings as reported by architecture firms, indicated an uptick in billings for the first time in two years. The black line in the graph below represents the billings ($$) indicator.
The ABI is generally considered to be a leading indicator of construction activity, which is clearly a major component of the economy. One month clearly does not make a trend, but apparently the industry is in better shape than since early 2008.
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The ABI is generally considered to be a leading indicator of construction activity, which is clearly a major component of the economy. One month clearly does not make a trend, but apparently the industry is in better shape than since early 2008.
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