Interior Design Billings and Inquiries Indexes
Major Gains in July
The American Society of Interior Designers Interior Design Billings Index (IDBI) jumped 6.3 points to 63.4 marking the largest monthly gain since May 2014. The new project inquiries index was also up substantially rising 5.1 points in July to 63.4. Improvement was evident in all four regions of the nation with July IDBI scores above or near 60: Midwest-62.5; Midwest-65.6; South-66.6; and West-58.9.
“July scores and the overall upward trend in both series indicate increased demand for design services and point to solid outlays. Nonetheless, when asked about business conditions over the next 6 months, panelist dialed back 5.5 points to 68.3, suggesting a positive, but perhaps a slower, pace of growth.” In a nutshell, firms appear to be busy, doing better than planned, and expect business to continue its current positive traction.”
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