The American Society of Interior Designers (ASID) has released its Interior Design Billings Index (IDBI) Report for the first Quarter of 2018. The report shows improvement from the previous end-of-quarter scores.
The strong March IDBI score of 58.5 was supported by one third of respondents who reported a significant increase in billings over the previous month. The end of the quarter performance (March) builds upon the positive February IDBI score of 56.3.
Design firms of all sizes enjoyed positive billings in March. Sole practitioners reported an IDBI score of 54.8, and firms with 10-24 employees reported an IDBI of 80. March monthly scores across firm-size categories are all greater than their respective three-month moving averages, reflecting a potential growth trend.
Firms across all regions reported an improvement in IDBI monthly scores from December to March. The South finished the quarter the strongest with a reported three-month moving average IDBI score of 60.4. Firms in the Midwest expanded during the quarter with a 50.0 three-month average, while firms in the Northeast finished a struggling quarter with a 49.0 average, indicative of reduced billings. The West continued an 18 month string of monthly billings increases.