  A0535+262 is a transient Be/X-ray binary system which was in a quiescent
phase from 1994-2005. In this paper we report on the timing and spectral
properties of the INTEGRAL detection of the source in October 2003. The source
is detected for ~6000 seconds in the 18-100 keV energy band at a luminosity of
~3.8 x 10^{35} erg s^{-1}; this is compatible with the high end of the range of
luminosities expected for quiescent emission. The system is observed to be
outside of the centrifugal inhibition regime and pulsations are detected with
periodicity, P=103.7 +/- 0.1 seconds. An examination of the pulse history of
the source shows that it had been in a constant state of spin-down since it
entered the quiescent phase in 1994. The rate of spin-down implies the
consistent presence of an accretion disk supplying torques to the pulsar. The
observations show that the system is still active and highly variable even in
the absence of recent Type I or Type II X-ray outbursts.
