The AIA Billing Index for August was 53.8, up from 52.7 in July. Any figure over 50 indicates growth. “...It is fair to say that the design professions are in recovery mode," said AIA Chief Economist, Kermit Baker, PhD, Hon. AIA.
Key August ABI highlights:
• Regional averages: West (54.8), Northeast (54.4), Midwest (52.8), South (51.9)
• Sector index breakdown: mixed practice (60.1), commercial / industrial (54.8), multi-family residential (52.1), institutional (50.8)
• Project inquiries index: 63.0