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Furniture Buying Index Up to 73
January 3,
2012 by in UnCategorized 
By Home Furnishings Business in economic news on January 4, 2012
The Furniture Buying Index rose another point this month to a reading of 73, bringing the Index back to its level one year ago at the start of 2011.
Consumers overspent at Christmastime, but they still can be enticed to buy furniture this winter, said Britt Beemer, chairman of
Americas Research Group. Since credit card bills from Black Friday spending are now hitting consumers mailboxes, retailers need to show consumers great values to get them to make a furniture purchase.
Beemer pointed out that an increase in online spending this Christmas is another cause for higher credit card debt and it will impact spending in January and February.
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.