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Tuesday, December 1, 2009

INDUSTRY NEWS: ABI Index Slightly Up, Still Below Break Even Levels

The American Institute of Architects Architecture Billings Index (ABI), which measures the number of architecture firms with increases in billings minus the number with decreases compared to the prior month, registered 46 in October, up from 43 in September and a 14-month high, but still below the breakeven level of 50, the American Institute of Architects reported Monday.

Subindexes by practice segment, which are calculated as three-month moving averages, rose from 45 to 49 for institutional practices but were virtually unchanged for residential, commercial/industrial and mixed practices. The index is a rough indicator of future demand for building construction.

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