+38 (050) 37 29 776
ASID INTERIOR DESIGN BILLINGS INDEX (IDBI)
The American Society of Interior Designers’ Interior Design Billings Index (IDBI) rose 3 points to a score of 58 in August. For 20 straight months, firms have recorded an increase or no decrease in design services compared to each previous month. The inquiries index, a leading indicator for billings, was essentially unchanged with scores of xx.x in July and xx.x in August.
On a three-month moving average, the IDBI posted a score of xx.x for August. Design firms remain optimistic about the six-month outlook, though the score slipped from xx.x in July to xx.x in August. Fifty-two percent of survey respondents believe that business conditions for interior designers will be more favorable in 2018.
“The solid IDBI scores indicate growing demand for interior design services and bode well for overall residential and nonresidential spending for design services,” said Jack Kleinhenz, Ph.D., CBE, ASID Economist. “It is too early to know what impact the devastation from Hurricanes Harvey, Irma, and Maria will have on construction and home improvement spending.”
Number of graphs and diagrams -8
Number of tables -4
Number of drawings -15
Number of pages -35
Preparation date of the market review –February 2018