Factoids

Markets Finally Recovering to Pre-Recession 2007 Sales Levels

June 3, 2016  by in General   

This is the final 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.

Segmenting MSAs by industry sales range gives another perspective of market performance. Not surprisingly, the MSAs with Industry Sales over $1 Billion are having the highest percent of sales exceeding 2007 levels in 2015. With only 14 of the 401 total MSAs, the highest sales bracket exceeded pre-recession sales in 10 of those markets which accounted for 73.7 percent of those industry sales.

MSA’s in the top two industry ranges (over $500 Million) were responsible for roughly 63 percent of total sales surpassing pre-recession levels in 2015. All in all, the MSA’s within the largest industry sales ranges have pushed the Furniture and Bedding Industry out of the recession.

Source: Impact Consulting Services Proprietary Model

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