GRAND RAPIDS, MI –According to Michigan Live, the Business and Institutional Furniture Manufacturer’s Assn. said industry-wide shipments of office furniture are forecast to grow 7.3% in 2007 to $11.6 billion, and another 7.1% in 2008 to $12.4 billion. Last year, the business and institutional furniture industry reported $10.82 billion in North American shipments, which was up 7.4% from 2005. The industry’s peak sales year was in 2001 when sales reached $13.2 billion. Read more.
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