Factoids

Markets Finally Recovering to Pre-Recession 2007 Sales Levels Industry Sales in 2015 Percent by Market Type

May 20, 2016  by in General   

This is the second factoid in a series of four factoids detailing the Furniture Industry’s recovery from the Recession to finally meet and exceed pre-recession peak sales of 2007. The majority of the positive growth in 2015 occurred in large Metropolitan Statistical Areas (MSA’s), while many Micropolitan Statistical Areas (Micro SA’s) and Rural Areas are still struggling to make a full recovery.

In 2015, the industry as a whole finally exceeded 2007 peak sales but many markets are yet to fully recover. Out of 937 total markets, 533 have surpassed 2007 sales and 404 are still fighting their way back. Forty-two percent of MSA’s fell short of 2007 levels and Micro SA’s have similar numbers with 43.7 percent below the peak sales of 8 years before.

The Percent of Sales chart shows the percent of industry sales in markets that are thriving versus the markets that are still playing catch-up. The markets exceeding 2007 peak levels account for over 61 percent of industry sales with MSA’s and Micro’s have similar outcomes.

Source: Impact Consulting Services Proprietary Model

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Jim Sneed    8 years ago

Agree, with 2015 being very good. Not so hot so far in 2016. However in my 40 plus years I have found presidential election year to be a challenge.

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