NEWARK, NJ — In the first quarter of 2009, inbound containerized shipments of furniture declined 19.2% compared to the same period the year before, according to a PR Newswire release from PIERS Global Intelligence Solutions. PIERS is a source of U.S. waterborne trade information and global trade solutions.
Based on the first quarter results, the company is predicting a 16.5% decline for furniture imports in 2009 as compared to 2008. According to the release, the global recession is also slowing U.S. furniture exports. After a positive export growth of 7.05% in 2008, a 19.89% drop in exports is predicted for 2009.
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