HIGH POINT, NC – The latest market survey from accounting and consulting firm Smith Leonard PLLC indicated that new orders of residential furniture in January 2008 were 5% less than January 2007.
Shipments in January were 3% down from January 2007. Backlogs increased 3% over December. 2007, but were 7% lower than January2007. On the other hand, receivables were 6% higher than last year and 5% higher than Deember. 2007.
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