Analyst downplays figures pointing to building upturn

Amid a continued high level of inquiries for possible new projects, the Architecture Billings Index (ABI), which presages activity in the nonresidential construction sector, last month reached its highest mark since August 2008, the American Institute of Architects (AIA) said.

The October ABI rating was put at 46.1, up 7 percent from 43.1 the previous month but still indicating a continued decline in demand for design services, while the "new projects inquiry"...

This is a preview of the article. The full article is available only to our subscribers and trial users.

Not registered AMM.COM user yet?

Subscribe today!

Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.

Subscribe Try
Sign up for the AMM Daily Alert
http://www.amm.com/cap/