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ARG: Furniture Buying Index Holds Steady at 70
October 24,
2010 by in UnCategorized 
By Home Furnishings Business in economic news on October 25, 2010
The Furniture Buying Index held steady this month at a reading of 70, stopping the positive movement the index made with last month's increase.
Consumers are thinking about buying furniture this fall, but with the economic conditions many consumers are putting furniture buying on hold," said Britt Beemer, chairman of Americas Research Group. Consumers basically are staying in place right now.
Echoing the sentiment of many retailers and suppliers
Home Furnishings Business spoke with during the recent
High Point Market, Beemer said Labor Day weekend was strong, but the rest of the month dried up.
"September was disappointing since consumers are now waiting for another big sale weekend to shop again," he said.
The Furniture Buying Index is compiled each month by
America's Research Group from interviews with between 5,000 and 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.