New Orders Down, October 2022 Furniture Insights Report

By Smith Leonard
Furniture World
November 8, 2022
Category: Finance & Economics
Region: United States

According to our most recent survey of residential furniture manufacturers and distributors, net new orders were again down substantially in August 2022 compared to August 2021, down 34%, while August 2021 orders were down 14% vs August 2020. Orders were down for 84% of the participants. …Year to date, orders were down 29% from the first 8 months of 2021, but year to date orders in August 2021, were up 29% over the first 8 months of 2020. …Shipments were up 9% over August 2021 and up for 72% of the participants. Year to date, shipments remained up 6% over the first 8 months of 2021, when shipments were up 34% over the first 8 months of 2020. Year to date, shipments were up for 70% of the participants.

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