July Furniture Orders Drop

U.S. residential furniture factory orders in July decreased 37% from the comparable month in 2021.  Year-to-date orders fell 29% over the same period in 2021.

Furniture shipments declined 6% from July 2021 but were up 5% year-to-date. With shipments outpacing new orders, July backlogs declined 25% from 2021. See Smith Leonard

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