U.S. Furniture Orders Fall in March
U.S. residential furniture factory orders in March fell 29% from the comparable month in 2019, according to a recent survey of manufacturers and distributors. Year-to-date orders were 8% lower the same period last year. Of those surveyed, 87% reported lower orders in March.
Shipments decreased 11% from March 2019, with 68% of participants reporting lower shipments. For the first three months, shipments are down 4% from 2019. See Smith-Leonard