August Furniture Orders Down

U.S. residential furniture factory orders in August dropped 14% from the comparable month in 2020 but were up 30% from the same month in pre-Covid 2019. Year-to-date orders rose 29% over the first eight months of 2020 and 35% over 2019, with 82% of participants reporting increases.

Furniture shipments grew 10% over August 2020 and year-to-date totals increased 34% from the same period last year. Shipments were higher for 91% of participants.

With new orders still outpacing shipments, backlogs surged 81% higher than August 2020. See Smith Leonard

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