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Furniture Buying Index Holds Steady at 74
July 12,
2011 by in UnCategorized 
By Home Furnishings Business in economic news on July 13, 2011
The Furniture Buying Index held steady this month at a reading of 74, according to
America's Research Group. The Index has hovered in the mid-70s throughout 2011.
Consumers are concerned about purchasing big ticket items and are giving much thought before making purchase decisions for discretionary items like furniture," said Britt Beemer, chairman of Americas Research Group. The Index is holding steady since retailers can entice consumers to spend their money by offering them great deals. This consumer will only shop and buy when they know they can get a great deal."
America's Research Group compiles the index each month 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.