Study: Residential furniture orders don't retreat in October

摘要

For the first month since October 2007, new orders for residential furniture were not lower than the same month a year ago, according to Smith Leonard's most recent Furniture Insights survey of residential furniture manufacturers and distributors. October 2008 was the first month that year in which orders fell 20 plus percent, but for October 2009, 41 percent of survey participants reported increases in orders from the previous year, up from 33 percent in September and 20 percent in August. Year-to-date, new orders were 16 percent lower than a year ago, compared to 18 percent in September and 19 percent in August. Currently, 93 percent of those surveyed are reporting lower orders compared to the same period a year ago.