Interior Design Billings and Inquiries Indexes
Strong Design Demand Continues in May
May billings were up nearly 3 points from 61.0 to 63.7 points and the inquiries index showed was unchanged at 67.1. Index scores above 50 indicate expansion and below 50 contraction. The fact that the IDBI and the inquiries scores continue to be at very high levels points to strong demand and a positive outlook for design services. Today’s release is supported by an improving US housing market with May increases new and existing home sales along with the recent construction spending bounce back. All in all fundamentals remain very healthy for design services .
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