U.S. Furniture Orders Continue to Rise

U.S. residential furniture factory orders in March were $2.2 billion, down 14.5% from March 2022 but a 9.3% improvement from February.

Furniture shipments dipped 16.5% from March 2022 to $2.9 billion but climbed 18.6% from February. With shipments continuing to outpace new orders, March backlogs were $3.2 billion, declining 63.5% from last year and 6.0% from February. See Smith Leonard

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