Consumer Spending On Furniture & Bedding Up 3.3% In 2018

- Oct 18, 2018-

Last year was less volatile than 2017 for the home furnishings industry.

Consumer spending on furniture and bedding was up 3.3% in 2018, and more than half of the companies on Furniture Today's Key Sources for the U.S. Furniture Market performed above that threshold. In 2018, less than half performed above consumer spending growth.

About the data... 

Furniture Today’s listing of the Key Sources for the U.S. Furniture Market ranks companies according to 2017 furniture shipments to the United States. Sources must sell into the U.S. market, regardless of whether they have manufacturing, assembling operations or corporate offices in the U.S.

WASHINGTON — The Conference Board Consumer Confidence Index rose to 133.4 for the month of August, just below the record-setting month of October 2000 when consumer confidence hit 135.8.

August’s index increase comes after a modest Consumer Confidence increase in July at 127.9, according to the Conference Board’s monthly report. With August’s Consumer Index up and its Expectations Index up at 107.6 from 102.4 last month, the U.S. should expect to see favorable economic growth for the rest of 2018, according to Lynn Franco, director of economic indicators at The Conference Board.

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