April Purchases Fall, According to Index

May 21, 2006  by in UnCategorized   

By Home Furnishings Business in Furniture Retailing on May 2006 FurnishNet reported a significant industry downturn in purchasing for April in its index of month-to-month and year-over-year trends.

wAccording to the company, retailer purchases actually declined this past month with a steep 7.5 percent drop when compared to April of 2005. April was the first month in 2006 that registered less purchase volume than the corresponding month in the previous year. As a result, year-to date purchasing growth for 2006 dropped to 2.07 percent over 2005.

Additionally, the company reported that April 2006 retailer purchase volume dropped by 17 percent compared to the previous month, and reflected a near 7 percentage point drop compared to the March 2005 to April 2005 trend.