ARG: Furniture Buying Index Up 1 to 74

February 8, 2011  by in UnCategorized   

By Home Furnishings Business in economic news on February 9, 2011 The Furniture Buying Index crept up on point in February to a reading of 74, according to America's Research Group.

The Index in January was 73, and the December number was 72. In February, 2010, the Furniture Buying Index was at 65.

"The Furniture Buying Index is remaining steady at this time of the year while consumers wait to get their income tax refund checks," said Britt Beemer, chairman of America's Research Group. "This should be positive for furniture retailers in March, April and May as consumers receive their income tax refunds."

America's Research Group compiles the Index  each month from interviews with 5,000 to 8,000 consumers across the U.S. In a typical month, 80 percent of the consumers interviewed can name a specific furniture item they intend to buy.