WASHINGTON—The Interior Design Billings Index from the American Society of Interior Designers (ASID) reported its first decline at the end of December 2012 after 14 months of consecutive growth. However, ASID firms serving the single-family residential sector did experience consistent billing growth over the fourth quarter. The multi-family, commercial and institutional billings fluctuated and showed downturns by the end of the fourth quarter.
“Looking back over the last three years, the Billings Index has always declined in December relative to November,” said Jack Kleinhenz, ASID economist. “Based on the historical data and the positive status of the Inquiries index, it is reasonable to expect a return to moderate growth this year.”
The Index revealed that cautious clients and uncertainty about the U.S. economy are proving to be the greatest challenges to businesses. Optimism does appear to run high, according to results, as two-thirds of designers responded that they expect business to improve in 2013.
More information about ASID or the Interior Design Billings can be found here.