The ASID Interior Design Billings Index stayed in positive territory for the second month in a row, following a weak 3rd quarter that saw the Index dip below 50. Billings were down slightly from October (50.9 vs. 51.4). The Inquiries Index rose substantially (53.8 vs. 50.3), indicating a possible rise in future activity. The Interior Design Index showed slightly less improvement than the AIA Billings Index, which also registered positive (52) for the first time since July.
Billings were strongest in residential, both single family (52.1) and multi-housing (51). Government billings jumped from 44 in October to 50 in November. Education crept up slightly but remained in negative territory. All other sectors recorded declines.
Regionally, the West recorded the biggest increase in November. The Midwest rebounded, up more than 6 points, back to its June level but still below 50. The Northeast and South reported decreases and dipped below positive.
When asked to identify what factors were causing clients to put off projects , 83 percent of respondents said consumer concern about the economy, and half said uncertainty about taxes and/or investments. Lack of public confidence in the nation’s leadership and the weak housing market also were cited by nearly half of respondents.