Contract - ASID Q2 Billings Index Shows Positive Momentum

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ASID Q2 Billings Index Shows Positive Momentum

20 August, 2014

-By Erinn Waldo


The American Society of Interior Designers (ASID) Q2 Interior Design Billings Index (IDBI) indicates steady, continued, and positive momentum for the interior design industry in the months ahead. 

In June, the ASID IDBI stood at 55.8 and the Inquiries Index was 58.2. While both indices are down slightly from May, these figures remain above 50 — indicating positive growth across the design space.

Most firms reported increased billings in June with index scores of 50 or above. Smaller firms, with either a sole practitioner or fewer than 10 employees, have reported consistent growth since Q1 of 2014 as well as year over year.

ASID firms in the Midwest, South, and West all experienced increased monthly billings during the first half of this year. While down from May, indices for firms in the West and South stayed above 60 through June, indicating the country’s strongest growth in billings. The Midwest region reported billings increases in every month this year except March, when the region’s score fell below 50. Interior designers in the Northeast struggled over the past six months, reporting billings increases only in May.

The single-family and multifamily residential sectors reported billings increases in May and June. In the case of single-family billings, that growth extended the momentum from Q1 of 2014 and the month-over-month billings increases of the past year. The multifamily billings index varied more over the past year, but remained above 50 for eight months.

The commercial sector was not as strong with only the office sector reporting increased billings in June. Office design firms did experience billings increases more often during the past 12 months compared with the other three sectors. The institutional sector showed varied results, with billings fluctuating dramatically over the past six months in government, education, and healthcare. The government sector showed increases for the first three months, but slumped in April and May before rebounding in June. The education sector reported increased billings for five of the first six months of 2014, only dropping below an index of 50 in April. Year over year, the education sector experienced one of the most significant billings increases, jumping more than 25 points. Overall, billings at healthcare firms improved markedly from the second half of 2013 to the first half of 2014.


ASID Q2 Billings Index Shows Positive Momentum

20 August, 2014


The American Society of Interior Designers (ASID) Q2 Interior Design Billings Index (IDBI) indicates steady, continued, and positive momentum for the interior design industry in the months ahead. 

In June, the ASID IDBI stood at 55.8 and the Inquiries Index was 58.2. While both indices are down slightly from May, these figures remain above 50 — indicating positive growth across the design space.

Most firms reported increased billings in June with index scores of 50 or above. Smaller firms, with either a sole practitioner or fewer than 10 employees, have reported consistent growth since Q1 of 2014 as well as year over year.

ASID firms in the Midwest, South, and West all experienced increased monthly billings during the first half of this year. While down from May, indices for firms in the West and South stayed above 60 through June, indicating the country’s strongest growth in billings. The Midwest region reported billings increases in every month this year except March, when the region’s score fell below 50. Interior designers in the Northeast struggled over the past six months, reporting billings increases only in May.

The single-family and multifamily residential sectors reported billings increases in May and June. In the case of single-family billings, that growth extended the momentum from Q1 of 2014 and the month-over-month billings increases of the past year. The multifamily billings index varied more over the past year, but remained above 50 for eight months.

The commercial sector was not as strong with only the office sector reporting increased billings in June. Office design firms did experience billings increases more often during the past 12 months compared with the other three sectors. The institutional sector showed varied results, with billings fluctuating dramatically over the past six months in government, education, and healthcare. The government sector showed increases for the first three months, but slumped in April and May before rebounding in June. The education sector reported increased billings for five of the first six months of 2014, only dropping below an index of 50 in April. Year over year, the education sector experienced one of the most significant billings increases, jumping more than 25 points. Overall, billings at healthcare firms improved markedly from the second half of 2013 to the first half of 2014.
 


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