ASID Interior Design Billings Index

March 31, 2015

The report shows steady growth in the fourth quarter

What’s more joyous than being in a profession that’s growing (moderately)? “Business conditions for the design industry continued to show positive momentum, albeit at a slightly slower pace from that of the third quarter,” notes ASID’s Interior Design Billings Index (IDBI). December's ASID IDBI value of 52.3 reversed itself from the 60.5 score registered in September, but the index remains at above 50, as it has for the past eight quarters.

Design firms in the Midwest region reported accelerated growth in the fourth quarter, while those in the South showed slow and steady growth with billings well above 50 in the fourth quarter. Business conditions remained weak for firms in the Northeast and West as indexes dipped below 50, which may be attributed to the reduced housing demand in recent months.

A boosted economy is responsible for the industry’s solid footing, according to Jack Kleinhen, an ASID economist.

“The economic fundamentals are supportive and upbeat,” he said. “With the economy shifting into a higher gear, the design industry should experience expanded activity.”

Sponsored Recommendations

Design Competition to Open in April for Helsinki's New Museum of Architecture and Design

Helsinki City Council will provide a capital donation of $64.9 million to establish this national museum.

Durkan and NEWH DSCVR Student Design Competition Returns

Design students are crafting the future of hospitality flooring with the DSCVR Student Design Competition. Read on to see how.

IIDA NY To Host Inaugural Career Fair

IIDA NY, Leading NYC-Based Architecture & Design Firms to Meet with Students, Emerging Professionals

SMPS-NY to Host 'The Power of Public Relations & Digital Marketing' Panel Next Month

i+s Editor in Chief AnnMarie Martin will join this SMPS-NY chat on how both traditional and digital storytelling can be harnessed to generate brand exposure.

Voice your opinion!

To join the conversation, and become an exclusive member of I+S Design, create an account today!