BDO Seidman Releases Furniture Forecast
NEW YORK, NY -- BDO Seidman released the results of its monthly survey of residential furniture manufacturers and distributors through April 2006. New orders fell 13% from April 2005 and were down 26% from March. Shipments fell 6% in April compared to April 2005. Backlogs fell to 6% from March of this year and were 3% lower than April 2005. Receivables only fell 1% from last April, and inventories were up 1% from March levels.