Interior Design Billings and Inquiries Indexes
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
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