Smith Leonard’s latest Monthly Furniture Insight survey of residential furniture manufacturers and distributors continues to show ongoing improvement. The survey considered a 40% increase in new orders over October 2019. Approximately 77% of the participants reported increased orders over the same month last year. With new orders exceeding shipments, backlogs continued to climb, ending October 2020 141% higher than October 2019.
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Monthly Furniture Insights Report From Smith Leonard