IDBI Slips to Lowest Level in December

A key indicator of household and business spending on renovations, furnishings, and interior design services fell in December to its lowest level since the ASID Interior Design Billings Index (IDBI) was launched in November 2010, with panelists noting that construction projects are often being postponed or delayed.

The IDBI was down 9.3 points in December to a score of 43.9 and has been unsteady during 2018, indicating a softening in demand. It is important to consider seasonal factors at work, as declines from November to December have been consistently observed in the past.