Industry Sales by Quarter 2012 Q3 to 2019 Q3 Furniture & Bedding
After a dip in first quarter furniture and bedding sales this year, the furniture industry has picked up momentum in the third quarter. Combined Furniture and Bedding sales grew 5.7% in the third quarter versus the same quarter in 2018. Compared to the previous quarter, 2019 Q2, third quarter sales were up 3% totaling $30.57 billion.
Furniture (excluding Bedding) in the third quarter increased 6.2% versus the same quarter 3 in 2018 reaching $26.07 billion. Compared to the second quarter of 2019, Furniture sales were up only 0.4%.
After Bedding imports fell dramatically in the second quarter due to ongoing instability in international trade with China, initial estimates indicate Bedding sales in 2019 Q3 increased 3% compared to 2018 Q3 which would mean double-digit growth over a poor second quarter of this year. As final numbers become available, a clearer picture will emerge.
As shown in graphic, quarter over quarter growth slowed the end of last year and the first half of this year, but the furniture industry has picked up some steam, with the third quarter growth now up 5.7%.
Furniture (excluding Bedding) increased 6.2% in 2019 Q3 versus the same quarter in 2018 with sales of $26.07 billion.
Preliminary estimates indicated Bedding has rebounded somewhat from declining imports during the second quarter of 2019 – up 3% over 2018 Q3 at $4.5 billion, which would mean double-digit growth over the second quarter of this year. As additional data becomes available, this growth will be updated.
Industry sales for 2019 Q3 YTD totaled $87.97, an increase of 4.3% over the same period last year. Furniture sales, excluding Bedding, totaled $75.47 billion year-to-date, up 5%, and Bedding totaled $12.49 billion – up 0.1% over the same three quarters last year.
Source: Impact Consulting Services, Inc. Furniturecore.com industry model
Note: All years have been revised based on comprehensive revisions by the Department of Commerce to Personal Consumption Expenditures