Although early indications pointed to another positive month, the ASID Interior Design Billings Index in December slipped just below the line into negative territory, at 49.4, continuing a decline in November (50.2) from October (51.4), when the Index hit its highest point in the second half of the year. The Inquiries Index, however, stayed positive at 52.0 (compared to 53.8 in November), suggesting that clients may be holding off on projects until the economy shows stronger signs of sustaining a recovery. The Interior Design Index fell behind the AIA Billings Index for the second month in a row; it stayed at 52, the same as for October.
Despite the year-end dip, ASID firms expect business conditions to be better in the future. In December, the ASID Business Outlook Index was 74.3, up from the prior quarter’s index of 56.4.
For more details, go the ASID website.