Originally published in Interiors & Sources

08/22/2013

Design Billings Get a Boost in Second Quarter

ASID’s interior design billings index remains positive through June.

 
ASID Design Billings Get a Boost in Second Quarter

The American Society of Interior Designers’ (ASID) quarterly Interior Design Billings Index reports that the second quarter of 2013 remained positive in the April-June period. The Billings Index for June closed at 56.4, up nearly three points from May’s score of 53.7 and higher than April’s score of 55.5.

The AIA’s Architectural Billings Index, which rebounded May, was down slightly in June (from 52.9 to 51.6, respectively). Inquiries, however, were up three and a half points (from 59.1 to 62.6), and architectural firms were reporting a higher proportion of project backlogs.

“The economy expanded more than expected in the second quarter of 2012, and this momentum should carry forward, albeit at a soft pace, in the remainder of 2013,” says Jack Kleinhenz, chief economist for ASID. “The pace of growth is expected to lift to about 2.2 percent in the second half of 2013.” 

Performance Averages Across Industry Sectors

Single-family: 57.3
Multi-housing: 59
Retail: 45
Entertainment: 31.3
Office: 49.7
Hospitality: 60.3
Healthcare: 50
Government: 42.7
Education: 33.3

Regional Averages

Midwest: 56.6
Northeast: 57.7
South: 51.4
West: 57.9

For the first half of the year, 2013 looked very much like 2012, with perhaps some slightly more accentuated variation. Activity should stay positive in the second half, although gains likely will be modest.

Higher billings and more positive economic news helped lift designer confidence in June. The ASID Business Outlook Index rose from 67.5 in May to 71.8. Signs of job growth and rising housing prices suggest things may be moving in the right direction, if more slowly than predicted earlier in the year.

Launched in November 2010, the ASID Interior Design Billings Index tracks performance data for billings, inquiries and product sales specific to the interior design industry. The index is based on a monthly survey of 300 firms and provides a tailored perspective on billings, business conditions and economic outlook. The results are compiled into diffusion indexes centered on 50, with scores above 50 indicating an increase in billings, and scores below 50 indicating a decline.

 


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Wood construction is both cost and energy efficient. Check out Morton Buildings and our designBUILD team online today to discover all the benefits of post-frame construction.


When choosing a metal-clad building for your next construction project, consider Morton Buildings, Inc., and their designBUILD team, we’ll make your dream a reality.

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Add highly responsive multi-zone comfort to any building project, in any climate. Our CITY MULTI H2i R2- and Y-Series VRF systems give you flexibility to fit the needs of any building. Enjoy 100% heating capacity at 0°F outdoor ambient, and 85% heating capacity at -13°F outdoor ambient.  For more information, log on to www.mitsubishipro.com


Tennant Company is a recognized leader in designing, manufacturing and marketing solutions that help create a cleaner, safer, healthier world. With thousands of satisfied customers already using award winning ec-H2O technology, why not see what you're missing? Test ec-H2O on your soils in your facility. Get a free demo.


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