Interior Design Billings and Inquiries Indexes

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Solid First Quarter Business Conditions for Design Firms

Solid First Quarter Business Conditions for Design Firms

Business conditions at design industry firms improved and picked up momentum over the first quarter. The March ASID IDBI value of 57.7 increased from the December reading of 52.3. The March New Project Inquiry rate of 58.8 continues the trend of positive outlooks.

The pace of billings for sole practitioners reversed course and increased as measured by change from the fourth quarter score of 48 to first quarter index score of 52.6.  Small-sized firms of less than 10 employees reported increased billings over the quarter.

According to Jack Kleinhenz, ASID Economist
“The U.S. economy appears to have hit a soft patch as economic data for the first quarter has been notably weak. Adverse weather conditions, West Coast port disruptions, the stronger dollar, and the decline in crude oil prices all likely hurt economic activity, but don’t be thrown by undue pessimism. The underlying growth fundamentals remain intact and I am optimistic that the economy will gain momentum as 2015 unfolds.”

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