USA: Slow start to year for furniture and cabinet businesses

U.S. furniture manufacturers reported contraction in February according the Institute for Supply Management’s survey (Manufacturing ISM Report On Business).

Wood products manufacturing was unchanged from January, while most other manufacturing industries in the U.S. reported growth.

In 2017, new furniture orders were up four per cent over 2016 according to the Smith Leonard survey of U.S. residential furniture manufacturers and distributors. Furniture shipments also increased four per cent in 2017 from the previous year.

2018 started with lower sales by furniture retail and by cabinet manufacturers. Retail sales at furniture stores were down in January from the previous month, according to US Census preliminary figures, but sales increased five per cent compared to January 2017.

Cabinetry sales were down three per cent in January compared to the same month in 2017 based on the Kitchen Cabinet Manufacturers Association’s Trend of Business Survey.

U.S. cabinet manufacturers also reported a three per cent increase in sales.

 

Source: ITTO