Smith Leonard’s latest Monthly Furniture Insight survey of residential furniture manufacturers and distributors continued to show improvement. The survey showed a 39% increase in new orders over July 2019. Approximately 88% of the participants reported increased orders over the same month last year. Survey participants are anticipating an uptick in sales for August and September as well. With new orders exceeding shipments, backlogs grew to an increase of 69% over July 2019.
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
September 2020 Furniture Insights