October U.S. Furniture Orders Decline

U.S. residential furniture factory orders in October 2022 decreased 29.6% from the comparable month in 2021. Year-to-date orders fell 29.5% over the same period in 2021.

 Furniture shipments increased 2% from October 2021 and were up 6.5% year-to-date. With shipments continuing to outpace new orders, October backlogs declined 47% from 2021. See Smith Leonard

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