From Home Furnishing Business
Smith Leonard: Furniture Orders Jump 15%
Home furnishings orders hit $2.03 billion in December to round out 2014, an increase of 15 percent compared to a year ago December, according to High Point-based accounting firm Smith Leonard.
The month’s increase pushed new orders for 2014 up 7 percent from 2013. The Furniture Insights report went on to say that orders for the year were up over 2013 for 74 percent of Smith Leonard’s participants. The firm noted that as one of the highest percentages of participants reporting increases in some time.
Furniture orders have bene up 20 of the last 21 months, and 2-13 orders were up 6 percent over 2012.
Shipments in December 2014 increased 6 percent over the same month in 2013.
“So overall, the results for 2014 were very positive – though we are sure not as positive as some would want,” said Ken Smith, Smith Leonard audit partner. “Some of the participants enjoyed nice double digit growth in orders and shipments.”