Furniture orders up, deliveries still a challenge
May 4, 2022 | 3:00 pm CDT
Berlin Gardens automatic screw machine

Furniture was up in April in terms of new orders, production, and other categories. 

TEMPE, Ariz. -- Economic activity in the manufacturing sector grew in April, with the overall economy achieving a 23rd consecutive month of growth, say the nation's supply executives in the latest Manufacturing ISM Report On Business. Furniture was one of the industries that grew last month.

The report was authored by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee.

"The April Manufacturing PMI registered 55.4 percent, a decrease of 1.7 percentage points from the March reading of 57.1 percent,” said Fiore. “This figure indicates expansion in the overall economy for the 23rd month in a row after a contraction in April and May 2020. This is the lowest reading since July 2020 (53.9 percent). 
Furniture & Related Products was one of 17 manufacturing industries reporting growth in April, one of 11 that reported growth in new orders in April, and one of 14 industries that reported growth in production during April.

Furniture & Related Products was one of 17 manufacturing industries reporting growth in April, one of 11 that reported growth in new orders in April, and one of 14 industries that reported growth in production during April.

Of 18 manufacturing industries analyzed, 16 reported slower supplier deliveries in April, including furniture & related products. No industry reported faster supplier deliveries in April as compared to March.

According to Fiore:

  • The New Orders Index registered 53.5 percent, down 0.3 percentage points compared to the March reading of 53.8 percent.
  • The Production Index reading of 53.6 percent is a 0.9-percentage point decrease compared to March's figure of 54.5 percent. 
  • The Prices Index registered 84.6 percent, down 2.5 percentage points compared to the March figure of 87.1 percent. 
  • The Backlog of Orders Index registered 56 percent, 4 percentage points lower than the March reading of 60 percent. 
  • The Employment Index figure of 50.9 percent is 5.4 percentage points lower than the 56.3 percent recorded in March. 
  • The Supplier Deliveries Index registered 67.2 percent, an increase of 1.8 percentage points compared to the March figure of 65.4 percent. 

"The U.S. manufacturing sector remains in a demand-driven, supply chain-constrained environment. In April, progress slowed in solving labor shortage problems at all tiers of the supply chain,” said Fiore. “Panelists reported higher rates of quits compared to previous months, with fewer panelists reporting improvement in meeting head-count targets. April saw a slight easing of price expansion, but instability in global energy markets continues." 

Index April level March level new
New orders 53.5 53.8
Production 53.6 54.5
Prices 84.6 87.1
Backlog of orders 56 60
Employment 50.9 56.3
Supplier deliveries 67.2 65.4
Inventories 51.6 55.5
New export orders 52.7 53.2
Imports 51.4 51.8

 

Have something to say? Share your thoughts with us in the comments below.

Profile picture for user larryadams
About the author
Larry Adams | Editor

Larry Adams is a Chicago-based writer and editor who writes about how things get done. A former wire service and community newspaper reporter, Larry is an award-winning writer with more than three decades of experience. In addition to writing about woodworking, he has covered science, metrology, metalworking, industrial design, quality control, imaging, Swiss and micromanufacturing . He was previously a Tabbie Award winner for his coverage of nano-based coatings technology for the automotive industry. Larry volunteers for the historic preservation group, the Kalo Foundation/Ianelli Studios, and the science-based group, Chicago Council on Science and Technology (C2ST).