U.S. Interior Design Billings Decrease in March
The Interior Design Billings Index (IDBI) derived from the American Society of Interior Design (ASID) member-owned firms fell 20.6 points in March to 28.4. This is the lowest level since the inception of the index in December 2008. Any score over 50 indicates growth. Designers in all geographic regions except for the Southeast showed declines in billings.
The March index measuring inquiries dropped to a record low of 23.1, and the three-month outlook score was 42.9, down from 50.9 in February. Looking forward, designers expect further declines, as the six-month outlook scored a near-historic low of 32.4. See ASID