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Furniture Buying Index Drops 3 Points
February 1,
2012 by in UnCategorized 
By Home Furnishings Business in on February 2, 2012
The Furniture Buying Index dropped three points this month to a reading of 70 falling back to its November, 2011 level, according to America's Research Group.
Consumer confidence is down as consumers are concerned about credit card debt and other factors impacting their financial situation at this time, said Britt Beemer, chairman of
Americas Research Group. Many consumers are experiencing higher deductions from their pay checks due to more health insurance costs being taken from their pay."
Beemer said these and other factors have consumers being more cautious about spending discretionary dollars.
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.