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ARG: Furniture Buying Index Holds Steady at 72
December 2,
2010 by in UnCategorized 
By Home Furnishings Business in economic news on December 3, 2010
The Furniture Buying Index from
America's Research Group, held steady this month at a reading of 72
Although I would have liked to see another increase in the Index, a steady hold at 72 is not bad, said Britt Beemer, chairman of Americas Research Group. This is 13 points higher than the December 2009 level of 59 and is tied with June and November for the highest 2010 Index.
Beemer said consumers remain concerned with incoming bills and are hesitant to spend money right now.
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.