Architecture billings slipped in September after a positive gain the month before. Architecture billings are a leading economic indicator of construction activity, with an approximate nine to 12-month lag time between billings and construction spending. Architecture billings were 46.9 in September, following a score of 51.4 in August, reports the American Institute of Architects. (Any score above 50 indicates an increase in billings). The new projects inquiry index was 54.3, down from a reading of 56.9 the previous month.Architecture Billings Dip in September
Architecture billings slipped in September after a positive gain the month before. Architecture billings are a leading economic indicator of construction activity, with an approximate nine to 12-month lag time between billings and construction spending. Architecture billings were 46.9 in September, following a score of 51.4 in August, reports the American Institute of Architects. (Any score above 50 indicates an increase in billings). The new projects inquiry index was 54.3, down from a reading of 56.9 the previous month.
