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ARG: Furniture Buying Index Up 3 Points to 70
September 13,
2010 by in UnCategorized 
By Home Furnishings Business in economic news on September 14, 2010
The Furniture Buying Index climbed three points in September to a reading of 70, according to
America's Research Group.
The increase moves the index back to July's level of 70.
This is a good sign considering Labor Day was a strong retail sale week, said Britt Beemer, chairman of the consumer research company. Hopefully this will bode well for the rest of September, but retailers must be offering great deals to get consumers to buy. Consumers are still very cautious so hot buys are what will get them back in the store."
The Furniture Buying Index is compiled each month by America's Research Group from interviews with 5,000 to 8,000 consumers across the country. In a typical month, 80 percent of the consumers interviewed can name a specific furniture item they intend to buy. The Index's mark signifies what percent of the benchmark 80 percent actually have a particular item in mind.