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AIA Billings Index Hits Record Low ... Again

For the second straight month, the AIA billings index hit a record low. Last month, it fell to a record-low level of 36.2. This month it went down even more, falling to 34.7.

Key November ABI highlights:

• Regional averages: Northeast (39.5), South (36.8), West (33.5), Midwest (31.4),

• Sector index breakdown: mixed practice (44.5), institutional (40.8), multi-family residential (30.0), commercial / industrial (26.7)

• Project inquiries index: 38.3

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