It seems that the billings index has bounced back a bit from its sharp drop in September. A month ago, the ABI measured 46.9 – a score nearly 5 points lower than August – yet, this month, the AIA has reported the October ABI at 49.4 While the score shows a positive leap forward since September, any billings index below 50 still reflects a negative showing. However, the new projects inquiry index seems to be this month’s silver lining as it jumped to 57.3 for October.
