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Furniture Buying Index Up 2 to 72
December 1,
2011 by in UnCategorized 
By Home Furnishings Business in economic news on December 2, 2011
The Furniture Buying Index rose two points this month to a reading of 72, which takes the index back to its October level, according to America's Research Group.
The Index was also at a level of 72 one year ago at the end of 2010.
Consumers are looking to purchase items they have postponed or delayed purchasing for the last couple of years, said Britt Beemer, chairman of
Americas Research Group. In the last 2 to 3 years, many consumers have delayed buying furniture until absolutely necessary. Furniture retailers who are willing to advertise great values are capable of enticing this bargain driven holiday shopper to purchase new furniture.
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.