U.S. Furniture Factory Orders Increase
U.S. residential furniture factory orders in December 2018 rose 7% over the comparable month in 2017, according to a recent survey of manufacturers and distributors. Only 45% of survey respondents reported higher orders in December. Total 2018 orders were 6% higher than the previous year, with 63% of respondents experiencing annual increases.
December shipments were even with the year prior, and year-to-date totals were 3% higher than 2017. Nearly 66% of participants reported higher shipments in 2018. See Smith Leonard