Interior Design Billings and Inquiries Indexes
New Projects Index Suggests Positive Outlook for Near-Term Ventures
The ASID Interior Design Billings Index (IDBI) dipped by 3.5 points in February to 54.3, while the index that foreshadows changes in construction spending remains above 50, indicating an aggregate increase in design industry billings. Activity in February was strongest in the Midwest, registering a score of 65, followed by the South at 57.7, the West at 52, and the Northeast at 43.2.
Based on the ASID monthly billings survey, there was positive performance across all sectors in February, with the exception of healthcare. The U.S. Census report on construction showed spending declining in January, although it has risen year-over-year. The decline may be attributable to the harsh winter weather through early 2015.
The ASID new projects inquiry index rose from 60.2 in January to 62.5 in February, suggesting a positive outlook for potential work in the near term. Single family construction billings have been on an upswing for the last two months, but multi-family billings have declined during the same time period, posting a score of 47.5 in February.
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