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ASID Interior Design Billings Index (IDBI) - November 2019

Industry conditions tailed off in November as ASID’s Interior Design Billing Index (IDBI) dipped by 9 points to 45.8 following three months of improving billings; this is largest decrease for IDBI since December 2015 and returns to a level last seen in February 2019 (any score above 50 represents growth and below 50 represents contraction in billings). The index’s three-month moving average of 51.1 lost ground from the previous month’s reading of 53.4. The new projects inquiry index was 56.6, a slight increase from October’s 54.1. Its three-month moving average posted a score of 55.1, reflecting a positive outlook by panelist regarding future business. This optimism is consistent with the six-month expectations index which rebounded into expansion territory with a reading of 54.9.