ASID Interior Design Billings Index (IDBI) - August 2020

August marked the second consecutive month of revenue growth for interior design firms. The ASID Interior Design Billings Index (IDBI) score of 52.3 was the highest since October 2019 and indicates that a healthy third quarter for 2020 is underway. The index’s three-month moving average was at 50.5 and, for the first time since February when the COVID-19 pandemic initially broke out, the average showcased expansion (any score above 50 represents expansion and below 50 represents contraction). ASID’s inquiries index for August rebounded to 58.2, improving further from the 50.7 in July; this is the highest reading for 2020 so far and it is only eclipsed by August 2019 (70.7) within the last 12 months. Similarly, the three-month moving average for inquiries rose to 54.0 from 51.1 in July.