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Voice your opinion!
The American Society of Interior Designers’ Second Quarter Interior Design Billings Index (IDBI) reveals steady but encouraging trends across the industry.
The June IDBI value of 57.1 indicated that billings remain essentially unchanged from their 1st Quarter score of 57.7 in March. The June New Product Inquiry rate of 58.3 was slightly down from the March value of 58.8. While unexpected, the lower reading may reflect some payback from the strong May readings. However, the index has remained above 50—the baseline score indicating growth—for 12 consecutive months.
“For the most part, the construction and housing sectors are reporting significant improvement in the second quarter,” said Jack Kleinhenz, economist for ASID. “The design industry has aptly bobbed and weaved through varied business conditions, and has responded with steady improvement in payrolls and revenues. Looking forward, the design industry remains positive about the near-term outlook.”
Across the board, all firm sizes showed improvement and all sectors, except for education, reported increased IDBI scores, suggesting a market-wide increase in billings for the second quarter. Here are some key takeaways:
The six-month business conditions index score of 74 at the end of the 2nd quarter remains essentially unchanged from the 1st quarter score of 73 and slightly better than the 2014 fourth quarter score of 69.9. The consistency of these scores suggests ongoing, continued expansion for the design industry.
View the full report here: http://bit.ly/1LtXfvA.