U.S. Furniture Factory Orders Down
U.S. furniture factory orders in August were down 3% from the same month in 2018, according to Smith Leonard’s survey of residential furniture manufacturers and distributors. New orders fell for 67% of survey participants. Year-to-date new orders dropped 2% from the comparable period in 2018, a decrease for 73% of participants.
Shipments declined 6% from August 2018, representing a drop for 70% of those surveyed. Year-to-date shipments dipped 1% lower than the year-ago period, resulting in a decrease for 64% of respondents. See Smith Leonard