The results of the second Interior Design Billings & Inquiries Index quarterly report are in, showing positive, although slower growth in the spring.
Both the Billings and the Inquiries Indexes are above 50 for eight consecutive months, signaling the industry’s economic activity continues to expand. Perhaps reflecting a soft patch or the stalled U.S. economy in the first half of 2011, billings trended downward over the second quarter. However, the ASID survey has more recently shown an upturn, perhaps suggesting further improvement may be in the offing. It is important to note that these findings do not reflect the recent economic turmoil.
Overall, interior design billings during the second quarter of 2011 have performed better than those for architectural billings, which have experienced steep declines.
For more information, visit the ASID website at www.asid.org/idindex.