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UnBeige logo by Angela Voulangas and Doug Clouse, as part of our regular design our logo feature
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Thursday, Aug 20
AIA's Architectural Billings Index Bumps Back Up to Pre-Tumble Levels
After last month's heartbreaking fall following a few months of dull stability and occasional upticks, we won't even begin to say that this month's Architectural Billings Index minor rebound is a larger indication of anything. The AIA's most recent release of their monthly look at how the industry is fairing has seen a bump of five points, bringing it back to where it was two months ago, before that dip in July. What's more, because the Index remains below the 50% mark, it shows there's still no growth yet. So even if this happened to be a good positive-momentum sign for architecture, it's a bittersweet one, as all upward movement has been since a year and a half ago when the numbers first began to plunge. Here's the regular quote from the AIA's top money man warning everyone not to be optimistic about anything: Credit remains tight and government stimulus funds have had little visible impact on project activity, AIA Chief Economist Kermit Baker said. Email This Post |
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