Furniture Buying Index Climbs 2 Points to 72

November 9, 2010  by in UnCategorized   

By Home Furnishings Business in economic news on November 10, 2010 The Furniture Buying Index inched up two points this month to a reading of 72 to match the highest level the index has experienced in three years€”November 2007, according to Charleston, S.C.-based America's Research Group.

€œConsumers are still dealing with worries about the economic condition of the country and are still concerned about their personal spending,€ said Britt Beemer, chairman of America's Research Group. €œBut, they were looking forward to the Nov.2 election and the promises for change it held. With the Republican victories across the United States, consumers are more positive about government leadership and about the economy in general."

The Furniture Buying Index is compiled each month by ARG 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.