Furniture Buying Index Climbs One Point to 76

April 11, 2011  by in UnCategorized   

By Home Furnishings Business in economic news on April 12, 2011 The Furniture Buying Index crept up one point this month to a reading of 76, according to America's Research Group. The index has moved up on point each month since December.

"The Furniture Buying Index continues to move up slightly this month," said Britt Beemer, chairman of America's Research Group. "Consumer confidence continues to be weak, but pent-up demand levels are high, suggesting consumers are spending money when they need to."

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.