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ARG: Furniture Buying Index Climbs to 65
February 10,
2010 by in UnCategorized 
By Home Furnishings Business in economic news on February 11, 2010
The Furniture Buying Index rose another three points this month to a reading of 65, according to America's Research Group.
This is the third consecutive month the index has risen by three points.
The stock markets rebound in December freed up more money for better quality customers to spend on furniture and other higher ticket items, said Britt Beemer, chairman of Americas Research Group. The Index is inching closer to the 70 level that retailers need to see to make promotions more successful, but it still has a ways to go. This bodes well for Presidents Day weekend sales for mattresses, and potentially furniture."
The Furniture Buying Index is compiled each month by America's Research Group from interviews with between 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.