From Home Furnishing Business
FastFact: Furniture Industry Maintains Positive Momentum
The furniture industry maintained its positive momentum in 2014 posting a 3 percent increase to hit total sales of $87.53 billion for the year.
A strong fourth quarter made a significant contribution to the annual growth. As a whole, furniture and bedding increased 1.4 percent from the third quarter of 2014 to the fourth quarter of the year.
The industry reported a total of $22.48 billion in fourth quarter sales. This is the highest reported sales since the fourth quarter of 2007.
Furniture, excluding bedding, increased 4.1 percent over the fourth quarter of 2013 and 5.3 percent over the fourth quarter of 2014.
Mattress sales posted back its traditional fourth quarter slump, but the category bounced back and the fourth quarter of 2014 was up3.4 percent from the fourth quarter of 2013.
The complete FastFact is available online.