May Furniture Orders Plunge

U.S. residential furniture factory orders in May decreased 41% from the comparable month in 2021.  Year-to-date orders fell 25% over the same period last year.

Furniture shipments grew 10% from May 2021 and rose 7% year-to-date. With shipments outpacing new orders, backlogs declined 4% from May 2021. See Smith Leonard

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