February Furniture Sales Jump
U.S. residential furniture factory orders in February jumped 34% above the comparable month in 2020, with nearly 94% of manufacturers reporting increases, according to a recent survey of manufacturers and distributors. Orders were up 31% for the first two months of the year.
Furniture shipments rose 18% over February 2020 and grew 13% year-to-date. With new orders exceeding shipments, backlogs climbed 5% from January and soared 184% higher than February 2020. See Smith Leonard