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Furniture Buying Index Drops to 75
May 11,
2011 by in UnCategorized 
By Home Furnishings Business in Furniture Retailing on May 12, 2011
The Furniture Buying Index dropped a point this month to a reading of 75. This drop moves the Index back to the March, 2011 reading, according to
America's Research Group. The Furniture Buying Index had been inching in the right direction, but this month it takes a step backward, said Britt Beemer, chairman of Americas Research Group. Consumers are still not feeling good about the economy and are watching their purchasing very carefully. Economic concerns and rising gas prices are a big enemy to furniture buying."
The Furniture Buying Index is compiled each month by America's Research Group from interviews with 5,000-8,000 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.