U.S. Office Furniture Orders Up 2%

GRAND RAPIDS, MI –The Business and Institutional Furniture Manufacturers Assn. said December orders grew two percent year-over-year to $875 million, a three percent drop from November, according to Reuters. This continues a trend toward slower growth for office furniture orders, an analyst said. The growth of shipments also slowed, increasing only five percent to $1.01 billion compared to 8 percent growth in November. Data from 2006 averages out to a year-over-year order growth of seven percent per month, while 2005 averages were 11 percent per month, according to Raymond James analyst Budd Bugatch. Read more.


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