The Interior Design Billings Index, or IDBI, for the second quarter of 2015 has revealed a reason to be positive, reports ASID: The June IDBI value indicated that billings remained essentially unchanged from the first quarter. In addition, firms of all sizes revealed improvement. All sectors, with the exception of education, reported jumps in IDBI scores, which suggests an increase in billings for the second quarter throughout the market. Further findings include sustained growth in billings in both the South and the Midwest as well as a rise in construction spending.
“For the most part, the construction and housing sectors are reporting significant improvement in the second quarter,” said Jack Kleinhenz, ASID economist. “The design industry has aptly bobbed and weaved through varied business conditions and has responded with steady improvement in payrolls and revenues. Looking forward, the design industry remains positive about the near-term outlook.”
View the report in full here.