Interior Design Billings and Inquiries Indexes
The September Business Performance Survey shows increased revenue growth for the third quarter of 2014.
September's ASID Interior Design Billing Index (IDBI) value of 60.5 maintains the string of positive billings growth for the past 21 months. The Inquiries Index of 69.5 is the highest recorded over the past three years, with a forecast of solid gains through Q4.
According to Jack Kleinhenz, chief economist, “The U.S. economy remains on firm footing. Quarterly economic growth for the balance of 2014 is forecasted to be in the range of 3.0. Structure investment should continue to strengthen. Business conditions for the design industry continue to indicate momentum and usher further improvement in home improvement and construction activity.”
Three different variables had a strong effect on billings in Q3: firm size, region and market sector. To learn more download the full ASID IDBI Q3 report.
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